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ES Just Not Acting All That Inspired By Overnight Oil Bounce off of $30.00

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Will the direction of Oil determine every wiggle in ES (Emini S&P 500) today? So far, the upmove in ES is coincident with the pop in Oil, but does NOT look and feel impressive-- like other extreme, oversold recovery rallies in the past years. Maybe it is just me, but the behavior ES given the intense negative sentiment and high-profile, institutional, Wall Street bearishness is worrisome. That aside, purely from a technical perspective, ES must chew through key resistance between 1945 and

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