S&P 500 - Market Outlook October 7 2013

CME:ESZ2013   None
192 2 1
Market Monday
Today's movement in the ES is in line with the overall trend as seen here on the daily chart . As you can see with the black line, the current direction of the ES is moving back in line with the overall trend. My assumption is that the ES will come back down in to support around the 1657 level. 1660 also ligns up with the .618 Fib retracement.
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I took advantage of the rally this afternoon and closed for a profit.
broke major support so this could keep going down now. No trades in the ES for me
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