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With the DB Whipsaw Apparently Behind Us, Now What?


Now that the 24-hour scare about Deutsche Bank AG (DB) appears to be over, isn't it curious that ES (Emini S&P 500) has climbed from to its upper coil boundary line at 2165 from last night's mysterious pivot off of the lower coil boundary in the vicinity of 2140?

Curious or not, now we have to see if the bulls have enough power to propel ES above key resistance at 2165 to 2172.

Otherwise, ES will drift and gravitate back towards the "cone" of the pattern, around 2153 into the close of the month.

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