July 12, 2006 ES #F

July 12, 2006 ES #F
Originally uploaded by TraderZ.

The daily chart of the ES #F shows a 3 wave pattern into heavy resistance: 1) 89 sma 2) UBB (upper Bollinger Band) 3) Andrew's Pitchfork Median Line. Looking for move back to test the lows at 1229. There is also a gap left to be filled at 1257.75. Downside targets: 1259.50, 1257.75 gap, 1252.50, 1247, test of 1229.00 low ... then possibly lower