ES Consolidates for More Upside Heading into the FOMC Meeting

All of the action off of the high at 2074.50 from last Thursday-Friday's Central Bank vertical climb from 2012/15 has the right look of yet another high-level digestion period within the upmove off of the 10.21 pivot low at 2007.50.

As long as 2057/53 remains viable support, the set-up points to a test, and likely hurdle, of 2074.50 in route to a challenge of the upper-channel boundary line, now at 2098.00.