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ES: Its all about 1166.75/1167.00

Closing Comments

ESZ11:

The move continues up to 1175/1178

Although 1187.00 clearly comes into play

 

 at 1166.75/1167.00 expect a pullback

A pullback exactly at 1166.75/1167.00 (exactly)

Means we take out the 8/9/11 low at 1070.75

And immediately head down to 1036.50

 

Therefore 1166.75/1167.00 is the key price level

It’s the OAV (NYSE:BB) of this entire structure from 5/9 until now