The "Sellers Strike" Continues....

Mike Paulenoff By

Good Tuesday Morning, MPTraders!  December 19, 2023-- Pre-Market Update: The "Sellers Strike" continues...

ES climbed to a new Oct-Dec rally peak at 4804.25 about 30 minutes ago reflecting a lack of selling even as ES circles the 4800 Big Figure.  Bottom Line: As long as any forthcoming weakness is contained in or above nearest support from 4770 to 4757, the bulls will remain in directional control, eyeing my next optimal upside target zone of 4830/40, in route to 4880 to 4900 thereafter.

At the moment, the quiet buy extremely buoyant ES setup is in the grasp of the bullish mantra "if it won't go down, then it will go up."  Last is 4801.25

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