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.
Friday, May 04, 2007
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