ES1! - IMPENDING DOOM OR BACK INTO A RALLY!?
Here we have the ES1! on a 2 hr chart.
ES1! just tested key downtrend channel resistance at 2642 and failed to break through.
It may test this trendline again throughout the day.
If it can't break through, look for a re-test of the uptrend support channel at 2594.
If price breaks through the 2594 level, I expect a drop to the support area shown.
Happy Charting!
~KP
ES1! just tested key downtrend channel resistance at 2642 and failed to break through.
It may test this trendline again throughout the day.
If it can't break through, look for a re-test of the uptrend support channel at 2594.
If price breaks through the 2594 level, I expect a drop to the support area shown.
Happy Charting!
~KP
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