- ES broke out of the pattern But is unable to move above 1224 resistance level mentioned in the below chart.
- Index will gain up ward momentum if price breakout above 1224. Unable to move above 1224 will be negative in the short term.
- ES is showing a consolidation pattern in 30 minutes chart.
- Pattern looks like a diamond but its not perfect in its formation
- But break of 1216 may give good correction, in the same way an upside break above1224 can give new high's for the index.
- SPX WEEKEND UPDATE