Market finally confirmed the end of a micro correction (wave 4) these first days of 2017 and has established a bullish 1-2 setup for the next leg up towards 2285-2300.
E-Mini 60Min Chart - January 4, 2017
In the above chart, we see that E-Mini is still trading inside a bullish cycle (green iii) that needs at least to hit a new high above 2280. If market follows an impulsive route above the upper-bound of white channel then our main target area for green iii is 2300-2315.
We are long ES 2240 & 2240.50
SPY 4H Chart - January 4, 2017 ... Read More