Mr. Market

As the ES broke through it's first overhead resistance of 1145, all eyes were on the next target of 1150. If the ES can hold above this level (1150) as of the close today, higher prices are warranted. More specifically, we will be looking for the 1170 area as the next target. If price cannot close above 1150, we will look for an attractive opportunity to short based on our shorter term time frame charts.