S&P Gaining Momentum - Bears Yet To Feel The Squeeze
We're waiting to see who is going to blink first - the bulls have the early momentum, but the bears are employing a "bend-don't-break" mentality. But eventually this slow melt up will create an inflection point, that will likely cause the bears to run for the exits ahead of Tuesday's meeting and the weekend ahead.
We've got a two-day trend in place, and a nice push above key support when looking at the E-Mini S&P Futures. Here's the S&P Futures chart