Friday, May 04, 2007

ES Pushes Higher

The ES continue to push higher in last night's trading session. It reached a high of 1509.25, at around 3.00am, Singapore Time.
Going into the close, the TREND Chart is showing a 4 X Divergent Top & with the Trading Chart presenting a PRIME PPF of Resistance, we are likely to see a pull back in PRICEs tonight (PRICE needs to take out last PRIME Support at 1506.50).
However, if 1508.50 is taken out, then expect PRICE to continue pushing higher.

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