Early morning breakout

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  Just as the ECB announced lowering their rate by 1/2% the ES spiked upward breaking out of it's Major Resistance area of 1994.  Now the 1994 should be the line in the sand if we are going higher.

ES 03102016 am
ES 03102016 am

On our Daily, price needs to get above the 2007 for this uptrend to continue, I'd rather see a pull back to the 1970 area but I feel I'm preaching to the choir by saying this... 

ES Daily 03102016
ES Daily 03102016

 

   

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