Tuesday, May 22, 2007

The ES Powers to a New PRIME Resistance at 1534.00

I'm glad I decided to head to bed last night, instead of waiting for the third trade. It was gonna be a SHORT but looking at what happened next, I possibly would have been stopped out - because PRICE climbed higher (not much) to 1534.00.
Going into the close, PRICE has pulled back & is going back down to challenge last PRIME Support (TREND Chart) at 1513.75 and there is no signs that this down move is done.

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