ES has support at 1354, but could drop a bit further to the 1346-1348 range. As long as ES stays above 1334 I still think ES is headed to 1373. So I’ll be looking for reversals around those price areas. If ES does drop to 1334 again then I would consider shorting ES on a [...]

ES is still climbing, holding all major uptrends. I am very certain this target gets hit this week. But more importantly what happens afterwards?

I think what happens after the 1373 high will present the best trade opportunity this year. There are a lot of possibilities but with all the bullish momentum I think [...]

ES has rallied overnight and broken the 1358 high-so-far this year by 3/4 point so the new high is at 1358.75. Currently ES is trading less than a point below 1358.75. I view this is a genuine breakout of the high and I don’t think it will trap reverse. Support is in the 1352-1354 range, [...]

ES did reverse off the new high yesterday but it held support at 1334 and it looks like it is going to break 1358. If it does then I think ES is headed to 1373. And I wouldn’t look for a significant pullback until 1373.

ES briefly dropped to fill the 1340.25 gap but rallied overnight to make a new high. It’s pretty clear at this point that ES is headed to 1373. The question is will we get a pullback before hitting 1373? I don’t know. There still aren’t any indications that ES will pullback. One day we will [...]

Today is not much different from yesterday, albeit ES looks a little weaker to me today since it has tested the 1296 uptrend twice now in less than a day. ES does have a gap to fill at 1340.25 but I still think ES could drop that far and still have a good shot at [...]

ES held and bounced off the 1296 uptrend line and attempted to make a new high but failed. ES does have a gap to fill at 1340.25 so it could drop that far. The nearest support level i around 1341-1342. It might seem that ES is a good short here but I still think the [...]

ES has finally broken below the 1296 uptrend line and is pulling back. There’s no way I could have seen it coming, it’s one of those situations where you had to count on reversion to mean and just keep shorting the highs if you wanted to catch this. That approach can be very frustrating and [...]

Once again there really isn’t anything to say here. ES is in a steady uptrend, holding all uptrend lines (specifically the 1296 uptrend line). The upside target is 1354.5 (expect this to be hit today), support is in the 1344-1345 range. Absolutely no sign of a pullback anywhere.