Unless ES flips around to the downside again, and plunges beneath this AM's CPI reaction low at 2627, the developing pattern off of last week's Double Bottom lows at 2529/30 argues for a "battle royale" between the bulls and the bears in the 2680 to 2740 zone, from where ES either will bolt to the upside into another relentless January-type advance, or reverse to the downside with a vengeance into a nasty decline that takes out the Feb. lows.
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