Daily uptrend in the ES ended with the break of 2071

Share Button

  I've been focusing so hard on the 60 minute chart while day trading the ES I almost overlooked today's break of the 2071 area which officially ends the uptrend on the ES on the daily chart.  The weekly bar is going to close wide and red so I'm expecting further selling next week.  My target on the weekly is a retest of the 1933.50 area which I'm sure a lot of you will probably think I'm nuts, but this is minor support on the weekly and that is where the target is, the question is how to profit from it...

 
04292016 ES Friday
04292016 ES Friday
04292016 Weekly ES
04292016 Weekly ES

 
This entry was posted in ES Market update and tagged , . Bookmark the permalink.