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Wednesday, May 20, 2009

/ES RANGE 905 - 923



Good Morning.

Perhaps another consolodation day or a repeat of Monday's action. 

I see the /ES range today between 905 - 923, which is higher high from yesterday. 
VWAP will likely be flat initially, whose slope will be slighly positive by EOD.
I'm looking for a VWAP value of 910 by EOD.

I firmly believe we are heading to /ES 950 soon.

I will be looking for trend day indications, but I think we will have another range day that will further consolidate before we continue the journay to 950.
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