S&P futures are mounting another comeback attempt this morning in Europe, aided by $55 billion in quasi QE from the US Treasury yesterday, with another $41 billion coming tomorrow and $25 billion next Wednesday,
However, the US stock market still has not shown that it can make a higher high in this trend of the past week. It needs to reach 3893 to do that.
Before getting to that level, the ES would need to clear several areas of indicated resistance at 3878, 3883, and 3890. Hourly indicators are in a pause. If they roll over from here, I would expect at least a test of yesterda