I posted a possible bear flag on the ES 15min on Friday morning. It broke down during the day and has played out to within a couple of points of the flag target overnight. We might see a bounce here with some positive RSI divergence on the oversold 5 & 15min charts. If we see that then I have short term declining resistance in the 1367.50 area and that would be the initial target:
- This blog has a copy of all header posts that I publish anywhere, so that anyone who is interested in seeing what my thoughts are on the markets can find them easily.
- I will be answering questions and responding to comments, so feel free to respond to any posts and I will see your comment even if it is not on the most recent post.
- If you're interested in seeing any intraday charts I post, I do that on twitter, and my twitter handle is @shjackcharts.
- The charts in the posts are as large as I can practically make them. if you would like to look at one more closely, click on it, and the link will take you to a larger version at screencast. If you click on that again, you will get a full page version, and can use the resizing function on your browser to enlarge parts of interest further.