E-minis - Big Picture

A quick look at where the e-minis are from a bigger perspective. The Green wedge formed in the most recent run up should correct soon. The overbought divergence in RSI should be a strong signal that a reversal should be coming. Sadly for the bears it appears that the market may want to fight back and do the unthinkable, which would be to shrug off the divergence and continue it's charge. This is yet to be seen, but given this bull run, hard to deny. We'll know more next week.

And what I have been preaching about since October (if not earlier). Take a look at where the "E" is in that wedge below,  the lower RSI support line and the yellow box. All of this "extra room" to run that existed is running out of space.