Saturday, July 13, 2024

ES Morning Update June 27th 2017

Yesterday the bulls had the advantage with the charts if only they would have allowed the futures to drop down first, but instead they used up all their juice to make a run higher that was destiny to fail.  Now this morning the charts aren't aligned to any certain direction, but instead are just mixed.  So odds of another run higher today to pierce the blue trendline of resistance and make another new all time high are very low.  Right now the charts tell me we'll just chop today in another rangebound area from the green rising trendline of support to the blue trendline of resistance.

Author: Red

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