To Resist is Futile

ES11162013What was resistance is now support. The wild thing is how this has broken the long term channel. Patterns are down my list as far as what I like to look for, however when they are as obvious as that channel you have to pay attention. I will start to look for how this behaves when it starts to pull back. The longs I am in are doing great. I am not in anything short and see no reason to short this market. So watch for the pull back and look for the strongest stocks to enter long. Happy Trading