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 had a hard time drawing in minor Support (mS).
ES 03062016 Hourly
After 4 days up in a row you have to be thinking "Sell", so I'm looking for a pull back to the 1970 level which is mS on our Daily chart. This will be a great area to sell some put credit spreads this week...
ES 03062016 Daily
The last three weeks in a row the ES has produced 3 green up bars, I'm expecting another green week, but I'd expect a narrow range green bar this week as price is coming into minor resistance levels.
