Here is how is see the ES on the weekend going into the week of Sept 7-10. Last week felt very bullish into the Friday close after the disappointing jobs number. Bad new = good news in that the Fed is likely to maintain the status quo. No tapering in the near future and and a chance for an interest rate hike is more or less zero. With no other alternative (TINA) money continues to flow into the equity markets. That FOMO feeling is starting to creep in again and it feels like growth names have a chance for a resurgence after getting beaten down for the past few months. Once again trades are getting crowded though with newer names such as DOCS, DOCN , UPST ect all exploding higher. That said the ES is showing no signs real of weakness. Last week price traded in a tighter range (small box) but did so at the ATH . Price remains comfortably above the ema cloud and the neutral zone. As the chart shows the 55 sma has been a good floor for price and the moving averages are nicely stacked. The plan is to continue riding the trend until it changes. Lets see what the week holds.