Tuesday, March 24, 2009
ES - Interesting how when drawn with the quarter lines support/resistance shows up. Looks overbought on this daily chart. The smaller channel we are currently in is that blob on the right. The ES channels out better than the index. If we are to test the .25 line in the chart, 731ish might be in play eyeballing it for bottom of 2.1 of P2 (for those of you still in P1 - a test of the lower channel is your dream boat). I added SDS, EEV and BGZ late today in small amts.
Good evening and good luck.