Beware of Turnaround Tuesday
ES-- Heading into the final hour of trading, two things are bothersome technically: 1) the lack of accelerated upside umph when ES climbed above the prior recovery high at 2866.00 from 3/21/19, and 2) the grinding climb from the bottom of this AM up-gap open at 2854 to the intraday high at 2870 has the look and the feel of the tired, final portion of an ongoing upmove (such as from the last Monday's pullback low at 2789.50) ahead of a sharp reaction that fills today's up-gap (from 2842). If the jammers don't show up into the final 15-20 minutes of trading, beware of Turnaround Tuesday... Last is 2866.00/25)