ES Preserving Its Near-term Uptrend Pattern

For a better view of ES, my Daily Chart setup shows ES preserving its near-term uptrend pattern in the aftermath of the nasty down-spike to 3954, followed by a resumption of strength that points to a challenge of formidable resistance lodged from the Upper BBnd Line at 4007 to the down-sloping 200 DMA, now at 4028... Last is 4009, after making a second run at 4017 to retest the intraday spike high a few minutes ago...


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Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

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