To Resist is FUTILE

ES 06042014

It has been a while since I posted. This chart is a pretty simple read. We are pushing up against the 78.6 Fib extension level. I am long for the last couple of weeks SPY QQQ DIA XLK XLB and XLV. This is really bullish trading out of the consolidation of the last month or more. Watch this level 1925 should see a pull back going into the end of the week. What I think is going to happen though is we consolidate for the next move higher. The On Balance Volume is rocking on almost every sector. The only potential short is the XLE Energy sector. Price is too strong though at this point to get the short. For the most part I am riding this swing and waiting for the next opportunity.  Happy trading.