August 8, 2011
- ES 15 Minutes is showing a descending Triangle pattern.
- Price staying below 1161.50 will favor bears to extend the down move.
- Breakout of the upper line should also stay above 1189 for a meaning full up move to happen. Then there is the cloud in hour time frame which is the bigger resistance cross.
- Price has been staying below the hour cloud for a long time now without testing it.