Trading Desk

000001 399001

SPX NDX

For ES1! to climb back to its ATH, it must first reclaim the descending trendline.

At current oil prices, Trump is likely to pull another TACO. NQ1! held its ascending trendline support during the week, bounced from it, and led the market on Friday. The odds favor an upside breakout sometime next week.

The bull entry was back at 7,630. The next entry is a backtest of the descending trendline after the breakout, should it occur.