SPX/ES broke out to new highs last week (ES continued higher on Friday following the monthly job report). As a result of the big late week advance last week, the RSI on the SPX/ES is quite overbought so likely to see a pullback of some degree early next week. Bulls want to see ES hold above 3775-95 or this can be viewed as a bull trap.
Happy Easter Sunday
Please take a moment to look at the trade ideas.
3/28: SPX DVT = 3775