Thursday, March 08, 2007

ES Closes Unchanged

With all its might, the ES just couldn't sustain its push past the 1400.00 mark. Round figures as such always present themselves as stiff resistance to up moves. Unfortunately, for all its effort, the ES only managed to close unchanged at the end of the trading session.

With PRICE still very much in a uptrend and no PRIME Failure of Resistance in sight, be prepared for another charge at 1400.00 tonight - Mainly because we are now in PRIME Support on the TREND Chart and it is the obvious place for PRICE to recharge & head back up to challenge last night's session high of 1402.50

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