Look on my Works, ye Mighty, and despair!

There is a gap up at 3773 on the ES. It is the same gap visible on SPX at 3750. If this is nothing more than a bear rally bounce, that's a very likely spot for failure. Sooner is possible as well if the market is more bearish. Conversely, a move higher would also start raising the possibility of a much larger rally, but need to clear 3820 for that.

There's not much of interest elsewhere for the same reason. It's too early to call a major reversal. Moves in various assets such as crude oil also suggest that any rally will invite a more aggressive Federal Reserve, rather than a more timid one. The Fed is trapped in a way most people do not understand because they have no respect for Nature or Nature's God.

If you look at the price of crude oil the past two days, you can hopefully understand why it's over for financial assets. The financialized West relies on cheap energy. The Baizuo-run, financialized West has gone to war on common sense, on cheap energy at home and on energy exporters abroad (Russia). The financialized West bombed the Nordstream pipeline. What can the Federal Reserve do? Not much. What will it do? Will it save the currency by definancializing the West or will it be fully absorbed by USG and destroy the currency system? More proximately, do you believe the Federal Reserve will be happy with the higher inflation readings that the market is telling them are 100-percent guaranteed if they don't cause mass bankruptcies among the speculator class? With the speculator class including pension funds and major investment banks?

The game ended in March 2020 when the governments of the West and their central banks lost their minds along with most of the general public. Mentally ill people cannot sustain prosperity and the mental rejects currently in charge in the West have already moved on to bombing their own infrastructure. What won't they destroy in their quest for power?