The Blue Pill

The Blue Pill

ES gapped up over resistance on the NFP numbers this morning, and we are running the second option that I  was looking at on the intraday video yesterday. ES is likely to hit the rising channel resistance I was looking at yesterday and that is now in the 2785 area. Ideally that gets hit today. Intraday Video from – Update on ES, NQ and TF:

This is another inflection area and we are looking for a reversal to start from a high not much higher than this is the next couple of trading days. We shall see how that goes. ES Mar 60min chart:

Stan and I are doing our monthly free public Chart Chat on Sunday covering the usual 40 or so instruments over most major markets. If you’d like to attend you can register for that on our March Free Webinars page.

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