ES Reverses to the Upside, 4800+ in Play

Can the ES push to new highs in the regular-hours session today?

Our View

The first few days of the New Year have seemed a bit shaky the past few years. Not shaky in the sense that bulls can’t find their footing, but in the sense that it’s a bit like post-Fed days, where we have indecision and jerky up-and-down action. 

Take yesterday for example. The futures were up nicely overnight, flopped at the open then found som…