Breakout!

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  After the ES retested the 1920 area of MS price rallied to the upside breaking out above the 1940 level to top the day at 1949.75 taking out prior resistance areas at 1943 and 1946.  I started to back ratio one of my CCS but I want to see if price will hold at the 1938 mS level on the next pull back before I make any more adjustments to my portfolio.  If the 1938 level holds, then I will know that we are moving higher for sure.  Although, the move up today was pretty convincing...

ES 02252016 PM
ES 02252016 PM
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