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ES:

9/26/11

12:11EST

ESZ11:

1152.751153.25 is key pivotal resistance for this pattern

Up Price Target: 1244.50

Up Extension: 1290.50

Down Price Target: 1099.75

 

2nd level resistance is at 1149.25/1149.75

 

IMO we fail to trade 1152.75/1153.25 and head back down to 1122.25

Although at 1136.50 we bounce again, failing to trade above 1142.50

Then down to 1128.25 another failed bounce and down to 1122.25

Only at the BB (1123.00/1123.25 will we know the immediate direction

IMO down to 1099.50/1099.75

Then a GODZILLA bounce at 1099.50/75 up to 1175ish