The battle lines have been drawn in the S&P e-mini. Whichever side of the range is penetrated first should trigger follow-through of 5-8 points in the direction of the breakout.
The Q's continue to recover off of yesterday's low prior to Mike Paulenoff's expectations of a downside pivot reversal that triggers the resumption of the stair-step downtrend.
For the past week or so, the e-SPU has declined in a big way as oil prices have climbed in a big way. Mike Paulenoff does not think the inverse moves are finished.
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