Bulls keep charging. If ES can hold a 30 mn candle above 1374.50 (50% projection September), then the next level of resistance is 1380.25, 61.8% projection but also confluence monthly R2. Given the call resistance this week for QQQQ between 42 and 43, that should provide a buffer for now. Ultimately, I think ES is headed for 1398, but we should get a pullback next week.
This entry was posted
on Sunday, October 15, 2006 at 11:39 AM.
