Sunday, January 29, 2012

Weekly charts: ES 60min

Bullish scenario: ES stopped at 1307, which is 
50% RET from High to pre-High and has a target above 1340. Market most likely will go higher to 1340 before a sizable RET.
Bearish scenario: if Friday's low broken, may go to 1301 and an intermediate RET may be in place.



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