The es had an intial thrust higher straight from the open and found resistance at 2841. Refer to 60, and 30 minute charts posted today. We held above 2823-4 area to recapture last weeks high of 2836.5 to make a marginal new high of 2841.5 toward the close. The index is riding the bands higher and is approaching an overbought RSI which is currently 68 in the cash. ( 70 and above would be considered overbought).
stephenbalsam 1 Minute
Published by stephenbalsam
I have been trading electronic emini futures since they started . I have trained 100s in the method I use. This blog is just informational purposes and TRADE at your OWN risk! View all posts by stephenbalsam