Re: ES ** CAUTION *PIC*

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

In the 30 min. chart below, notice that March ES moved down to test 1490 low end of the S/R cluster (gray area) and bounced right back. Now Es is above 1511 and testing that daily trend line. Since ES was able to move above 1511, now the door is open for a test of 1554 S/R and objective. There may be a spike up on that day 2/17 to as high as 1564 or so. Will see, just an opinion here base on a mathematical model. If ES was to move below 1490, will void the above.

As always, the market has the last word and in due time will show us the way.

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