This Friday Close Has Added Technical Weight Riding On It

In the event that ES manages to spend today's PM session on the defensive (a rarity on a Friday despite last Friday's lower close)-- ahead of a three day holiday weekend, and closes today's session pressing into or leaning on key March-May support residing from 2805 to 2790, its technical position will become increasingly precarious.

Not only will ES have closed in the red for a second consecutive Friday (only the fifth such occurrence in 21 Friday's this year), it will be positioned at the completion point of the Right Shoulder of a potentially powerful Head and Shoulders Top formation.

For the bulls, such a set up will make for a less relaxing Memorial Day holiday... Last is 2825.25