Monday afternoon update ES

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  Today ES price action sold off into mS area of 1911 before rallying late this afternoon and hitting our T1 area of 1933.  At the close price could not stay above the 1933 area, but a high of 1940 was reached confirming the new hourly uptrend. 

I'm showing the 2 hour chart because I believe it looks a bit more clear Vs. the hourly.  I would expect a slight pull back overnight before a move towards a price attempt of 1946 which is our T2 area.  Our mS area of 1911 is now MS and a trade below this area would end our new uptrend in the ES.  Our T1 area is now mS and may have to be adjusted depending on the next pull back...

ES 02012016
ES 02012016
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