ES tests 1020 YET AGAIN and holds. Notice how the ES is up to shenanigans again.... testing levels during the evening hours and then refusing to re-test them during 930am---4pm.
IN any event,
Bullish: If 1025 holds, expect 1032, 1036, 1037, 1041, 1044, 1049
Bearish: If 1025 breaks lower, expect 1020, 1018, 1016, 1010, 1002
At this moment, ES looks ready to shoot to 1032 within the next 5 hours. Even if ES drops to 1023 an inv HS can form, propeling it up provided the 1023 holds.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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