Beware of Turnaround Tuesday

ES-- Heading into the final hour of trading, two things are bothersome technically: 1) the lack of accelerated upside umph when ES climbed above the prior recovery high at 2866.00 from 3/21/19, and 2) the grinding climb from the bottom of this AM up-gap open at 2854 to the intraday high at 2870 has the look and the feel of the tired, final portion of an ongoing upmove (such as from the last Monday's pullback low at 2789.50) ahead of a sharp reaction that fills today's up-gap (from 2842). If the jammers don't show up into the final 15-20 minutes of trading, beware of Turnaround Tuesday...  Last is 2866.00/25)

4 01 ES 3 GIF
4 01 ES 3 GIF

  • 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!