TF 1-9-12

The Emini Russell (TFH12) opened inside the Persistence Zone on the Quarterly Profile this suggest that there is no control bias on the Quarter and the Bulls and Bears are fighting for control of TF.  This normally leads to v patterns and consolidated ranges around the midpoint of the pz as that is the where the fight is the greatest between the bulls and the bears.  Tonight's overnight market opened above the midpoint of the Quarterly PZ and has since traded higher simultaneously breaking above the Zone-Trader Pivot on the Weekly Profile at 752.90.  Suggesting TF is attempting to make a bullish breakout on the week.  The Yearly Profile on TF had failed to confirm a downtrend by not holding the time filter below ms2 on the first week of December, suggesting to us to buy retrace moves to the downside and keep playing the market higher towards the Zone-Trader Pivot on the Yearly Profile at 797.00.  The current move on the overnight breaking above the midpoint of the PZ on the Quarterly Profile and into the bullish half of the zone suggest more upside movement.  Key resistance ahead 759.00, 763.70, 768.60, 772.40, 787.10