ES Poised for Next Up-Leg

ES closed right on the lower lip of the intraday key resistance window (2780), and above its 200 DMA (2771) suggesting to me that the "minor pullback" from Wed.'s recovery rally high at 2818.00 to 2764.50 is complete, and that another upleg is in progress that projects to the 2830/50 target zone (as we have been discussing for the past two sessions).

Next week, we will refocus on the best way to participate in the move, and the use of reasonable risk management parameters without getting chopped up by the volatility.  I know from my colleagues and friends who have been in this business for decades that I am not the only one challenged by recent and current volatility (risk management) issues.

Any and all suggestions are welcome...

Have a great weekend everyone... MJP

11 09 18 ES Close GIF
11 09 18 ES Close GIF
11 09 18 ES Day Close GIF
11 09 18 ES Day Close GIF

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