CeresTrader

Friday ES Long Reaches Objective; Sell Target is close

Corto
CME_MINI:ESM2020   E-mini S&P 500 Futures (Jun 2020)
ES reaches it's 2888.75 objective from the 2812 long on Friday morning. Usually, this is where it would turn, however, Wall Street needs it's fill up here too. And, the end of the channel is in sight. If we continue up, look to 2925 level to sell. It may take some time to do that, similar to other tops. At some point, this whole move up will need to be defended by the Bulls at their 50%-61.8% lines. There will be a sell here that will be good for 60 points minimum OR ALOT MORE. Be patient.

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