ES #F 072606

Chart still looks bullish with no sell pattern in sight off the daily chart. Looking for a test of yesterday's high at 1278.75 if charts remain bullish looking. 1269.00 currently holding as support. Upside targets for today are: 1283.25 test, 1290.00 test, 1292, 1294.00 test, 1301.25 and 1309.25.

IF the market retraces first before moving higher, THEN downside targets are: 1265.25, 1261.25, 1259.75 and 1257.00.