Consolidation and Breakout again…

Share Button

  Overnight the ES consolidated for 8 hours just above the 1948 level creating an area of MS then finally breaking out to the upside above yesterday's prior high of 1949.75 to hit a T1 target of 1969 and pulling back and finding mS at the 1956.45 level.  For this uptrend to continue, price should continue up above the 1969 level and head to our 1991 T2 target.  This is a large area to trade and will make for some great long trades today or Monday...

 
ES 02262016 AM
ES 02262016 AM
 
This entry was posted in ES Market update and tagged . Bookmark the permalink.