BengalTigger

ES: Break on Through.. Update.

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
Since my last update ES has been all over. Unless you have been brave to buy the open or get in in the O/N session from my perspective it has been a bit difficult. In spite of pathetic volumes it just keeps chugging along. Perhaps, it will make believers out of the non believers before pulling the rug. Each time we hit resistance we PB and the next leg higher is breathtaking. I guess at some point it will change. Till then, you have to continue to believe with one eye on the risk-o-meter. For now, immediately I have support in the 69-70 area. Failure there should take us down to the 51-59 area and then of course the 29-31 area from which we launched this move in the o/n session. Above, we have the 98.25 gap and then the 2813-2816 area for a possible PB. Even, if this is to go past the 2018 high, I do believe that a decent PB is likely, before. Perhaps, today was the day. . My anticipation is for ES to hit the 72/73 area before attempting a try at the 2800 mark tomorrow. One step at a time.

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