Category Archives: ES Market update

Blue Sky

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  We are set to close the week up again, 5 weeks of buying and currently we are trading at the 2036 range and I’m out of targets on the hourly chart.  My nearest ES target is from the Daily … Continue reading

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Wide Ranges

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  After yesterday’s breakout to a high of 2010.50 price fell back below the key 1994 area of mS and continued lower taking out MS at 1977 and finally finding a support area at 1966.82.  Price since has rallied all … Continue reading

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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 … Continue reading

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Breakdown

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  Price broke down yesterday through the 1984 level and has found support at the 1977 level which it has tested twice before moving up again to retest the 1994 area.  So now we are ping pong sideways between 1994 … Continue reading

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Inside days

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  Not much has happened as far as the ES price action since Sunday evening except to say that we are definitely in a sideways pattern on the 60 minute chart.  MR is at the 2007.66 area and MS is … Continue reading

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Looking for a pull back…

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  The ES ended the week by grinding its 4th day up in a row to top the week out at the 2007 area.  Our price action on the hourly chart has been a little wide and whippy and I’ve … Continue reading

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A narrow range day

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  As expected the price action in the ES formed a narrow range green bar yesterday finding mS at 1966 after making a new high of 1984.50.  Price has since ground higher late yesterday afternoon into this early morning topping … Continue reading

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What looks obvious now usually isn’t until later…

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  Yesterday I was looking for a continuation lower which just did not happen as the market just rocked the Bears as the Bulls took over taking out minor resistance mR 1956 and MR at 1969 to finally topping out … Continue reading

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Hourly Downtrend forming?

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  After a good selloff yesterday overnight the Europeans found a bottom at the 1920 area.  Currently we have 2 lower highs and if price finds a new low below the 1920 area then we would have confirmation of a … Continue reading

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A weekend recovered…

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  My last post for my week in review and what’s coming was erased when I attempted to add a new blog site for my other business.  Lucky I had Updraftplus installed on my blog site which sends me a … Continue reading

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