Yellow Flag Is Out on S&Ps

Even with Sunday night’s gap-up opening and a follow-through short-squeeze at the opening bell, the E-Mini S&Ps still failed to exceed a key resistance peak from last week. DaBoyz have since maneuvered the futures into position to do this today, but the fact that it will have taken two days to accomplish such a modest feat suggests that any subsequent follow-through rally is not destined for greatness.  Accordingly, I’ve got yellow flags out all over the track — as well as a precise target at record levels for the futures, lest subscribers get carried away by any madness that develops at those new heights. Click here for a free trial subscription that will allow you to access this information — and no credit card needed.