Going through my stock screens this morning, I was shocked at how bullish the output was. Chart after chart. Sells were few and far between.
I think we're going to have to grit our teeth for awhile. But this isn't a surprise. We knew for a couple months that the liquidity outlook for October was very bullish.
Last night, I left you with the 5 day cycle projection on the ES fucutures of 3485. Overnight they got to 3459. Now the 5 day cycle projection is 3500. Lordy, lordy.
As I write at 4:35 AM ET, they're sitting on an uptrend channel line at 3449. As of 9:30 AM the line wil