Hourly uptrend over…

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  Yesterday, the ES managed to work it's way through the 1916 area of MS finally bouncing to run back up to a first lower high of 1922 before rolling over breaking down past the 1916 area and is currently at the 1903 area.  One more lower high with a lower low would confirm our new downtrend on the hourly chart. I've adjusted the 1916 line now mR to 1912 and our 1922 area is MR, I mention this because all of you PTT'ers know by definition that you can only have minor Resistance (mR) in a downtrend so I'm kind'a ahead of myself here just a little bit...

ES 02192016 AM
ES 02192016 AM

  

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