As we head into Wednesday's session, the e-SPM is poised to confront key multi-month resistance between 2105 and 2110, which if hurdled and sustained, should trigger upside continuation and acceleration towards 2125 immediately thereafter.
At this juncture, only a decline that breaks the prior pullback low at 2075.75 will compromise the timing of the anticipated confrontation.
As for Oil, it is perched atop a two-month rounded base-like pattern, poised to make a run at the Feb 17 recovery-rally high at $56.08.
Only a decline that breaks $51.60 will compromise the timing of expected upside continuation in Oil.
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