When are the sellers going to give in?

The down open gets bought. NQ leads.. same story different day. The NQ took out its prior high of 7733.5 while the ES has been doing very little. Basically stuck between 2900-2923. My guess is that the ES will again test the high tomorrow – possibly through strength in the XLV and XLF. The IWM has been the obvious laggard but for now the market seems to be ignoring that. FANG and AAPL lead which I have been saying was needed. Earnings will set the stage for the next major move. The SMH took a break and energy XLE really took of getting above 68.4.

I will see how things set up in the morning for setups.

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