Hope continues to infuse the S&P 500

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Hope continues to infuse the S&P 500E-mini S&P 500 FuturesCME_MINI_DL:ES1!DanGramzaThe new highs on the daily S&P 500 daily chart implies that hope for a Middle East resolution is still supporting this market. The expectation would be a close above a level of 7050.