ES exhibits a Positive Divergence with Oil, But Will It Last?

The big question now is whether or not the positive divergence between ES (Emini S&P 500) and Oil will remain intact?

Can ES withstand the downward pressure of oil for the rest of the session?

ES has carved out a sideways range between 1825/22 on the low side and 1855/57 on the high side.

Whichever side of the range is violated and sustained should trigger a 20-25 point move in the direction of the breakout.


  • 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!