ES #F 102406 Another Day Another Dollar

Support overnite at GL of 1378.00 Buy signal off both 8min and 6000V chart with long entry to close gap at 1380.75, and higher. Upside tgts: 1381.75, 1382.25, 1382.75, 1384.00 test, 1386.75

Update at 09:41 EST: .618 fib level hit. Now we have a bearish gartley butterfly pattern in place for profit-taking. Next tgt: 1382.50, 1383ish, and higher.

Update at 09:50 EST: 5 waves up into .786 fib level of 1383.00 for a sell as we have another bearish butterfly pattern.

Update at 10:44 EST: Looks like consolidation to slightly bearish. Possible wave b triangle completion here, with wave c for lower?

Update at 13:00 EST: Finally we gain some momentum to the downside. Downside tgts: 1375.50, 1374.25, 1373.25.

Update at 13:03 EST: 1378.50 is near OP and it is a .886 fib level for profit-taking; expect lower based on higher timeframe charts; let's see how this plays out.