Very predictable as the hourly sell failed going into the close on Friday the Europeans took advantage early this morning and rode the ES all the way up to our MR area of 1940 on the daily chart. A 33 point move upward this morning after price retested the 1907.50 area. Now we are in a very narrow trading range and we will have to sit on our hands and wait to see if the market will go higher or will this 1940 area hold...?
