Early Weekend. Right Now. (by Springheel Jack)

By -

I spent quite a while writing this morning's post, but I was slowed down by some firefox issues and then the hard break down on equities made my post rather out of date shortly before I was going to publish it. Some days it's just not happening, so I'll just post my central ES chart today which shows the rising wedge I posted on twitter yesterday and shows the target support trendline if this wedge is going to evolve into a channel:

I'm expecting a retracement going into Tuesday or Wednesday next week. There's decent support in the 1330 area and 1318 area. I'm looking after my children for much of the day but I'll check in every so often.