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/ES Weekly Chart 6/20/2012

post #1 of 2
Thread Starter 

Price has moved back towards last trimester's POC at 1360.

Price is inside that rotational range of 1422 and 1324.

If price can close above that POC, I would suspect a test

of that rotational top. 

 

Below that range is bearish with first level support on 

the channel going up and below that the channel with a slight slope down. 

 

In summary, price is in rotation with a bullish bias until proven otherwise. 

 

Capture.PNG

post #2 of 2
Thread Starter 

Price may want to test 24-30 before moving up again...I positioned myself short this morning averaged 43.50

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