ES 778-772 level
I just want to drop a quick note that this range (ES=778-772) can act like a short term support again as it is a proven xTrends point that already produced 30+ points rally. xTrends almost always produce reaction when tested first time.br /br /The thing is we are now testing it second time but the time difference between the tests are very short implying that these tests can be considered as one. br /br /Sol knows this and he closed another position to reduce the risk. It is a wise decision considering his account size. However the countdown for the big event started as of today and we have 3- months to get it. br /br /As per our conversations with Sol, he let you know that, too many equities and sectors achieved their monthly and quarterly targets when SPX tested 830, implying a major reversal. This usually blossom into another swing move which should be the final leg of this bear market considering the larger picture. br /br /Therefore, as an intermediate term trader, I stay short until Market proves the otherwise.div class="blogger-post-footer"img width='1' height='1' src='http://res1.blogblog.com/tracker/2192317321691025209-8310560781296735540?l=xtrends.blogspot.com'//div
