We got the expected flush attempt by the market, but both E-mini S&P futures (ES) and E-mini Nasdaq-100 futures (NQ) held nicely at major inflection points, starting a potential reversal. ES is right near the daily Ichimoku Cloud, which we have held at and seen major rallies from this point every single time this year.
The market is not quite out of the woods yet, but if the ES can clear its recent resistance, and the NQ can hold above the 50-day simple moving average (SMA), we could make a nice push for an all-time high. One day at a time, but bulls are holding strong.
Stay Focused!