The E-mini S&P 500 Futures (DEC) rallied about 1.6% by hopes of additional fiscal stimulus for airlines and small businesses. The weekly periodicity gained about 1.7% and is heading towards the bracket high while the daily dipping above the highs back from the middle of September.
The month of September fell about minus 4.2% and closed with the outside bar pattern which might be the sign for a possible change in the current total market context, from bullish to potential balanced. The weekly and daily perspectives are rotational with support of the daily EMA50 while the hourly rallies so far. Traders might be waiting for possible absorption patterns above the mentioned highs.
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