Bulls Remain In Control

ES, SPY-- The bulls remain in control of near-term direction. Bottom Line: As long as any forthcoming weakness in ES is contained above this AM's CPI knee-jerk spike low at 4381.75, the index points higher, toward 4420/30 next. As for SPY, similarly, as long as any forthcoming weakness is contained above the CPI spike low at 433.00, SPY points higher toward 438-441 next... Last in ES is 4411.25... Last in SPY is 436.18 (a new high print while I am posting this update)... 

Increasingly, I am sensing that the only directional market catalysts that matter are 1) this Friday's June OPEX, and 2) the June 30th month and Q2, 2023 mid-year FOMO potential... 

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