The Zone-Trader Philosophy is suggesting a top on the ESH12 at 1347.00, sell everything including the kitchen sink. I am looking for a move of at least 100 to 120 points lower and a re-test of the bottom of the Persistence Zone on the Yearly Profile at 1224.25. ESH12 will need to get below this price level in order to continue the sell off and remain in a Bear market. If ESH12 cannot break below 1224.25 we will start looking for buys on the quarterly, monthly, and weekly profiles.
Keep you eye out for updates on this post. I am currently short the ESH12 and will continue to leg into it as it approaches my top price at 1347.00.
Keep you eye out for updates on this post. I am currently short the ESH12 and will continue to leg into it as it approaches my top price at 1347.00.
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