Don't Get Too Excited Yet ES

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Don't get too bullish on ES yet I would warn. Remember where we came from and that infamous top trend line heading downward. There will be lots of resistance there and I still anticipate us ending the day (the hourly day, not necessarily the market day) at 3649. That is, if we can get beyond the first fib retrace, but something tells me we will push up until we hit that ceiling denoted by the dotted line. People need to close the positions they lost gains on yesterday. Also, it is OPEX week which makes me think things will stay sideways through the end of week.

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