Last week played out almost exactly as planned. The breakout target was 7036, we got 7043 on Tuesday, and then it failed. FOMC was dovish with two dissents. Apple crushed. Warsh got the Fed chair nod. And here we are, back at 6961, sitting inside the range like nothing happened.
ES Weekly: Back Inside the Range
We called 7036. Market gave us 7043. Then it all came back.
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