ES Acts and LooksLike It Wants to Squeeze the Shorts Into the Fed Policy Statement

ES heading into the final 40 minutes of trading remains in a VERY tight intraday range that exhibits a series of horizontal rally highs at 2902.75-2903.00 juxtaposed against a series of higher-lows off of last Thursday's (6/13) prior pullback low at 2871.50. The pattern of rising lows versus a flat top represents a potential squeeze to the upside. At this juncture, only a bout of weakness that presses beneath 2891.75 will weaken the "the upside squeeze potential." Last is 2898.50