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TFC Commodity Trading Forum

Re: ES
In Response To: Re: ES *PIC* ()

Yesterday ES failed to find support above a diagonal resistance trend line that was crossing at 1354. The diagonal resistance trend line is the upper side of a wedge seeing in the daily chart. I was expecting ES to move above that trend line in the overnight last night but didn't and that is trouble some because the daily isolators are entering overbought territory as the price is testing that resistance. Today the SP and DJ will need a mayor orchestrated goooood news with some mo stimulus from BernaFed. --- Failure here could send the ES down to test the first support at 1330 or so. ( Since ES did not moved up to the objective, I took partial profits this am )

Will see, in due time the ES will show us the real deal.