Below is a 60 minutes chart with some possible outcomes. Notice that the ES is testing the 78% retrace at 1360.25. Failure here will have it moving towards next support at 1352.50 and possibly lower to 1348.00. - Finding support here at 78% Will launch back up to test 1370.50. - Over 1365 will temporarily void the down side 1352.50 objective.
• As always, the market has the last word and in due time will show us the real deal in dollars and cents.
• Best of trades!
G
" You are never a loser until you quit trying." - Mike Ditka