The First Wall

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Morning, early risers!

I see my post from last night has nearly 300 comments in it; sheesh! You people keep me hoppin'.

The S&P has been up nearly 60 points at times during the night. I am delighted! I'm looking forward to a terrific opening.

I've drawn a fresh retracement series on the ES0812, and there are two "walls" of resistance; the higher is at my target of about 1070 (which may or may not be reached, but I'm leaning toward 'it will'). The first wall will probably be tested this very morning, which is in the 970-980 level. I'm going to be inclined to take partial profits if we're clearly slowing down in that zone. Keep in mind that is a full 140 points above Friday's low!

Good luck today! This is going to be awesome.