ES Challenges Last PRIME Support

In yesterday's post, I mentioned the need for PRICE to challenge last PRIME Support on the TREND Chart, in order for us to move higher. At the same time, I qualified my statement that PRICE does not need to head so far down - as long as it challenges it in PRIME Territory and with a confirmed bottom. We didn't get a confirmed bottom last night but instead we had a minor confirmation of a bottom from last night's downmove. And now it does look like that is enough to bring us back up to challenge last PRIME Resistance at 1455.75. The reverse in PRICE direction after the PPF at 1448.00 (Minor PPF of low at 1447.50) at 01.44am (S'pore Time) has yet to fail in its upmove from thereon until the close of the session. Unless PRICE fails during the Globex session, there is a high chance of the ES going beyond 1455.75 tonight.

Head over to my footballpoll blog at http://yourfootballpoll.blogspot.com for the latest results of the International Matches played this morning.