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ES #F Reversal pattern played out
Our target of 2450.50 calculated according to our proprietary reversal pattern, as stipulated in our newsletter of the 8th, was reached with ease. Price went on to make a low at 2432.75 (which can be a triple bottom if price rebound from here). Aggressive buying (Positive delta) at the low is present at the moment, with the Relative Strength cooling down. A pullback to the 2443.75 to 2459 area is possible. To the down side the next substantial resistance zone looks to be at 2427 and 2419.25. Enjoy the weekend!
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