ES bounced up to the neckline of the inverted H&S pattern and closed under it.
Today in the early morning we may see ES make a small pullback above 1318.50 area and then go back up in the afternoon.
As long as 1319.50-1318.75 range holds, the current daily trend remains up, and will stay bullish to challenge the major resistance zone that lies ahead around 1340-45.
This is an excerpt from the Naturus weekly Market Preview. To see the complete document, visit http://naturus.com
Daily Chart, S&P 500 e-mini futures (ES)
ESM1 daily
