Rates Spark: Middle East News Isn’t Impacting Trading Ranges

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:12.0pt; font-family:”Aptos”,sans-serif; mso-ascii-font-family:Aptos; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Aptos; mso-hansi-theme-font:minor-latin; mso-font-kerning:1.0pt; mso-ligatures:standardcontextual;} September S&P E-mini futures: The ES is headed much higher over the coming months. Support is 5700….

By Lawrence G. McMillan $SPX made another new all-time high on both January 9th and 12th — the first time it’s made new all-time highs on back-to-back days since last October. That would indicate a target of as high as 7300. A less aggressive target would the +4 sigma modified Bollinger Band at about 7050….