Short Term Weekly Outlook for ES 03 2016

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We are back.

Fundamentally we don't have too much to say about the markets as professional traders started to return to their trading desks after sluggish markets during last couple of weeks of December 2015.

Back to the charts of Emini S&P500             which shows daily top on Dec 29th, 2015 which has been confirmed today Monday 4th Jan. by reaching the first target line 2005 level. We expect the market to continue down trending for one week. Close of today's bar below 2005 is good indication for lower prices (i.e. 1966/63).
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