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.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!