$ES_F – June 25 2013

Market held mid-point of uptrend that I was watching. Also held VA of lower balance.


Currently trading around MCPOC which moved down today from 1584 – if it can hold here without selling off then it could extend range on a squeeze (yesterdays late shorts keeing this up). Cash gap 1586.75 – another NVPOC 1596. Lots of red on next chart but reversal type candle yesterday on lower volume. Today is almost entirely inside the closing swing from last night.


1593 became 1586.75 region. Key to upside breakout in 1st week of may. If it holds then gap area above that to 1606.5 and 1620/23.


Next volume ledge below 1553 is 1541.


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