In to the open

I almost don't want to even put out this post because it's just plain "Bull" and not the bullish kind, but if you need an excuse for why the Futures are higher and last night's post and our options expiration theory doesn't cut it for you, then try German manufacturing sentiment which came in high last night, European markets are trading higher.

UK Retail Sales also came in strong. Remember though, the market largely ignored a bunch of bad news yesterday so these in my mind are not real catalysts, but the Financial media has to give investors a reason for everything the market does, otherwise what would be their purpose. I think we know better.

ES continued to rise last night off the 3C positive divergence and the EUR/USD as shown last night, did indeed break out of that bullish ascending triangle, it will likely turn in to a head fake move back down by next week, but it is what we needed for today.

 ES overnight,  yes higher on the EU open, but rocky, it looks like it has been a battle to keep ES moving higher for the American open.

EUR breaks out of the triangle I showed last night, meaning the dollar is weak, this is helpful for oil, stocks and most risk assets.

There's nothing on the US eco-calander to mess things up, I mean nothing!

So, it looks like options expiration is the name of the game and where they will pin the tail, we can already see it appears to be higher, whether max pain is $139 or $140 it doesn't really matter much for our purposes, we just want to see the underlying market fall apart in to rising prices.