S&P 500 Futures Hit Another New All-Time High: 4798

Don't forget the "Bigger Picture."

Our View

People lose track of the trend when the ES pulls back and start thinking the markets are going back down. If there is one rule of thumb, it's that the trend is your friend.

After a 278 point and 6% rally off the 4520 low, the ES pulls back 28 points and the world is coming to an end. That’s losing sight of the trend. Pullbacks are just pullbacks……