mongombolo's - curious child thursday, page-77

ES 2hr looking okay with last night's test of the orange trendline. Still looking like it wants to break out to the upside imo. The 3 large thrusts up are the only negative atm and could pose a problem if it starts to move down with conviction, but in my mind I keep coming back to the Fed and the positive aspects showing up in the US, which is most evidence in the performance of some Dow compenents (eg 3M). Even last night, the shorts couldn't hold it down. This contract has a wonderful habit double topping and double bottoming with abolute precision (which makes it a lot easier for me to read than SPX), so the high for this rally is 1268 and the next level up is 1270.75.