ES Morning Update April 14th 2022


Not much to add here as the market went up some yesterday but is still stair stepping down overall. A tricky move today would be to rally up to the FP on the SPY, which again is roughly 4550 SPX. I say tricky because every bounce has failed and rolled over so if yesterdays bounce was to continue today it would fool some bears that shorted the close. Now I'm not really expecting to see a 100 point rally but we all know it's possible. I'll say this... "if" we do hit that FP today it's a short in my opinion. Nothing more to say that's not already been covered. Have a great Easter Weekend.

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