正文
1. The 74 target spelled out on 4/15 has been reached today. Although the intraday high was 78.75, ES liked that target and closed the day at 73.75-- a lucky guess I suppose. Anyway we are left with a green candle with all indicators in bullish mode now. PL starts to rise again and a test of the pervious high or the upper trading band is very likely. I did not spell out the next target in 4/15, which is 1913.50. If ES can consolidate here a bit, the chance of a run for a new high or 1913.5 is very good.
2. ES is a bit overbought on the 3 hour frame after it made a higher high today. A throwback to the triple lines can produce a higher low which will be welcomed by bulls I am sure. Will it come before or after new high remains to be seen. I think the earlier the better.
3. RS levels: 85-87, 81, 68.5-70, 60, 57.25, 51.75, 47, 30.5, 23.5, 16.5, 03.25, 1797, and 1771
Daily
3-Hour
2. ES is a bit overbought on the 3 hour frame after it made a higher high today. A throwback to the triple lines can produce a higher low which will be welcomed by bulls I am sure. Will it come before or after new high remains to be seen. I think the earlier the better.
3. RS levels: 85-87, 81, 68.5-70, 60, 57.25, 51.75, 47, 30.5, 23.5, 16.5, 03.25, 1797, and 1771
Daily
3-Hour
That's my bible, I read it every day