Monday, March 26, 2012

ES at the open

after slowly drifitng lower most of the night, ES found some support around the Euro open and showed a positive divergence in 3C, ES headed higher 9yellow arrow) at approx. 5:40 a.m., the white arrow is Bernie's speech this a.m. at 8 sending ES up on a parabolic move. 3C is negative in to this move, based on what we see now, I would think there will be an early pullback from these levels as ES may have peaked here for now.

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