Bears on the Ropes in the E-Mini S&P

Early Tuesday night, there was only faint movement in Gold and the E-Mini S&Ps. The latter appears to have bears on the ropes, and night owls are therefore encouraged to exploit whatever ‘camo’ opportunities emerge as the evening wears on. Regardless, and as noted in today’s ES tout, nothing should be attempted if the futures do not pull back in a way that meets our criteria for a proper recharge.