Extreme Peril

S&P 500 futures approach a critical breakout point that could further ignite an 18-year bull run. Nasdaq futures have already cleared key resistance, signaling severe technical pressure for market bears.

Source: DepositPhotos

If there are any surviving bears out there, things are not looking good at all. The /ES is surging toward what, if crossed, would be an important breakout and throw gasoline onto the 18-year-old bullish fire.

Worse yet, the descending trendline on the /NQ has been violated:

It’s truly bizarre-o-world right now, but the charts don’t lie.

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