As seeing in the follow-up chart bellow, ES keep moving like a yo-yo, bouncing back and forth between S/Rs. In my opinion, If ES is able to clear $1560.50 I will be a buyer, with $1606 as the objective. Bellow $1529 will void the above.
ESM3 now trading $1547.25.
As always, the market has the last word and in due time will show us the way.
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"The opportunities of man are limited only by his imagination. But so few have imagination that there are ten thousand fiddlers to one composer."
Charles Kettering .-.
Charles Franklin Kettering (1876 – 1958) was an American inventor, engineer, businessman, and the holder of 186 patents. He was a founder of Delco, and was head of research at General Motors from 1920 to 1947. Among his most widely used automotive inventions were the electrical starting motor and leaded gasoline. In association with the DuPont Chemical Company, he was also responsible for the invention of Freon refrigerant for refrigeration and air conditioning systems, as well as for the development of Duco lacquers and enamels, the first practical colored paints for mass-produced automobiles. While working with the Dayton-Wright Company he developed the "Bug" aerial torpedo, considered the world's first aerial missile. He led the advancement of practical, lightweight two-stroke diesel engines, revolutionizing the locomotive and heavy equipment industries.