S&P and Oil Rally Hard: Are The Lows In?

Have we officially bottomed? It's possible, as bulls are back in control.

Our View — Rollover

This Thursday is ‘Rollover Day.' That’s when the March 2022 contracts will be traded as the front month for the ES, NQ, YM and RTY index futures. Based on the S&P performance recently, Roll Day could  increase volatility. 

What do we know for sure? That only a small percentage of the shorts have covered and I still like a net-long appr…