ES E-mini S&P melt up continues…

ES E-mini S&P melt up continues…

The futures gapped up heavy this weekend during globex trading with the G20 drama finally being over. It seems that the market is rallying on hopes of a trade deal being made or it being stalled. The same shit occurred at the last G20 meeting 7-8 months ago, we have been 90% to a trade deal now for almost a year or so. We are pure technical traders, so we do not trade off our opinions or the news, rather just follow signals the technical systems generate. At this point the market looks ready to rip higher but also a blow off top may be in order as well. The VIX has contracted back down lower so there is no fear in this market, people seem to be gaming the FED and just buying everything up regardless of the news/sentiment. The correction is looming but if you’re wrong your early. Now it is about being patient and waiting for the signals. See if we get any fireworks in the markets being that is July 4th week. Happy Trading.

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