ES Stages Recovery from Previous Night's Losses

Review of last night's trades. After a nervy start to the trading session, the ES managed to stage a break out from the horrible consolidation from the night before. We hit a session high of 1438.00, just 1.25pts (1439.25) away from last PRIME Resistance on the TREND Chart.
With the TREND Chart now pointing up and with no signs of failure in PRICE in this upmove, it will not come as a surprise if last night's high of 1438.00 is tested tonight, and possibly breached. If however, for some reason we start to see PRICE failing Resistance (1438.00) in Globex, then watch out for 1431.50, it being last PRIME Support on the Trading Chart.

And by the way, if you enjoyed thoroughly the "Amazing Guitar" clip I posted (just at the top of my blog), just click on the poll just below it.

10:48pm To me, it is always a challenge to go LONG at this levels. Although it is in the direction of the TREND, you just never know when it will start to fail on you. More so as PRICE movements get tighter & tighter.
10:52pm Is this the end of the upmove? If it is, then expect PRICE to head back down to challenge 1426.75
10:54pm Signal setting up to go LONG. We are in PRIME, on the Trading Chart. LONGs here must breach 1438.75
10:58pm Hahaha...it failed. Good to just wait for PFs to confirm themselves sometimes. TREND Chart has also turned down. Now, I am looking for a Minor PPF of Resistance to go SHORT. This is still a counter-trend trade because PRICE still has to go down to challenge 1431.50 on the TREND Chart (oscillation challenge) to create a higher oscillation low.
11:04pm SHORT 1436.75 / STOP 1437.50
11:09pm STOPPED at 1437.50 / -0.75pts. I hate this type of spikes. Because the PPF of Support doesn't even give you a chance to identify it & get out.
11:11pm Consolidation. Two Oscillation PPFs in a row on the Trading Chart. Wait for the "break-out" to go LONG.
11:18pm PRICE is doing a stair-step up movement. Yawn....
11:26pm SHORT 1437.00 / STOP 1438.00
11:28pm Now those spikes to take out the STOPs...
11:30pm Moving STOP to 1437.75
11:31pm Decided to take it out at 1437.25 / -0.25pts
11:32pm Now you see why....can't stand the movement. Too many "fake-outs".
11:34pm Is a break-out coming?
11:35pm Here it comes...
11:39pm A failed break-out? If yes, then watch out for last PRIME Support 1435.75
12:12am Nice break-out. Pity I'm not in. Signing off here. Feeling sleepy. 2 Trades / 2 Losers