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ES #F Still volatile
In the last two days price has moved about 37 points down, 23.25 point up and again 24.50 points down. As warned yesterday, without follow through to the down side, a pullback occurred and prices again continued down after this pull back. The Volume Oscillator shows developing selling pressure and follow through selling and a close below 2339.25 should lead to more weakness. Price action and Multi Time Frame Trigger is still going lower. On the other hand a possible spring formation is developing, so be careful of closes above 2358.75 and strength coming in. With the volatility seen in the last few days a sudden move in any direction can caught one off guard.
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