Market Outlook 04/13/2021
Markets testing the resistance zones reached last week and deciding on the direction of the next leg. The resistance zone is critical for both /ES and /NQ - for /NQ, it is the all-time-highs and a failure here would create a double top. For /ES, it is the 1.6 fib extension of SPX drop in 2020.
SPX 4133-44 (/ES 4124-35) is therefore a big technical resis…