Model signaled a significant reversal level reached in smaller frames. Price is currently in a consolidation, although patterning suggest that a Flat completed, and would thus carry price to higher highs.
Predictive/Forecasting model defines the following lofty targets:
1 - TG-Hi = 2016.25 - 08 SEP 2014
2 - TG-Hi = 2031.25 - 08 SEP 2014.
A break ABOVE 2003.75 would severely weaken force per model - A break above 2007.75 would free bulls up to room in verdant pastures.
Chart annotations are my own trading plans; pink outline is speculative pathway based on model's projection of future R/S and reversal levels - None of it should be construed as a trading recommendation.
Continued technical commentary will be posted on the TradingView's e-Mini Room:
Additional predictive and forecasting analyses on this and other assets will be provided in this Predictive/Forecasting Room, where charts are posted preliminarily until they reach some pertinent value:
Thank you for following. Feel free to add comments and charts, as well as request if reasonable and beneficial to all. I will do my best to entertain what I can. #ES related charts are best posted within this thread, so as to keep it related and relevant.
Predictive Analysis & Forecasting
Denver, Colorado - USA
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)
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#ES / $ESU2014: 2003.75 likely to be a "Make Or Break" for bulls:
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