The bulls are holding higher lows as the stock market stays aloft.
Analysts have lowered earnings estimates enough for the companies to meet or beat for the most part, providing a tailwind to the market.
Of the companies reporting so far, I read somewhere that more than 80% of them are beating earnings estimates. If that continues, that would be bullish.
The trading environment remains bullish with pullbacks giving us our best entry points.
We are near a breakout level and holding so far around 2914 on the S&P 500 index e-mini futures.
2906 rounds out the initial lower edge. Best to your trading.
Stock Market Futures Update – April 15, 2019
The author trades stock market futures every day and may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.