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ES:

9/27/11

1:15EST

ESZ11:

We passed the 1st test

Price MUST be at or below 1183.25 at 1:00EST

The next test is it must reach 1178.75 within 29 minutes

Otherwise I cover

Or clearly holding above 1185.00 I cover

Reason being is this; we’re on a timer

Consolidation like now after a large move up

Collects inventory in order to squeeze up, without reaching minor inflection levels on the pullback; not reaching 1178.75 as mentioned is bullish