January 23, 2018

ES Ascends getting steeper and steeper


  • ES Daily rising like a cobra. Moves are becoming almost vertical.
  • Daily RSI is showing Historic or Extreme overbought readings. But the Extreme readings are not helping bears due to the strength of the prevailing trend. 
  • Since the move is getting too vertical it must end or at least a sideways to negative correction is possible.
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