Unless ES rolls over and takes out Friday's low at 1984, the path of least resistance remains up -- toward 2020/25.
Meanwhile, oil has broken out to the upside above $34.80- $35.20, which triggers upside continuation to $38 next, on its way to test of $40.
At this point, only a decline that breaks $34.30 will wreck the promising near-term set-up.
