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ES and Oil Continue to March to a Bullish Beat


The most salient features of the enclosed chart is the bullish stubbornness of ES (Emini S&P 500) coupled with the thrust of Oil above its prior, post-Doha rally high at $41.35.

In the case of the former, as long as 2085 contains any weakness, have continue to expect upside grind/climb towards a revisit of the all-time high at 2134.

As for Oil, all roads point to $43.75 next, in route to $45.00 despite inventory reports and OPEC output freeze failures.

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