Saturday, February 23, 2008

It's Been A Wild Ride on the ES, for the Past Week

My ES SWING Chart above...
Trading for the past week has been wild. Pull Backs from each drop have been very, very deep, almost to the point of 100%!
Expectation now would be for PRICE to head back up to last PRIME Resistance at 1369.25, to challenge it and fail. But as usual, do keep in mind the unexpected to happen...I've always believed that "there are never, ever, any sure trades, but always safe traders with the right stops in place".
Have a good & safe weekend!

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