Midday Update: 2022-01-13
There was an early morning push lower followed by a recovery in the day session morning. Now back to near the highs from yesterday. S&P 500 futures failed to take out the 3964.00 support this morning. I suppose this keeps the door open to retest the highs from yesterday.
I’ve been playing around with the E-mini Dow Futures daily chart and this looks interesting. Perhaps working on a lower high into a cycle high between now and Tuesday/Wednesday against a combination of old resistance at 34403 and retrace values between the December 13th high and December 20th low at 34598.