ES - QE KICKED THE CAN PATTERN
Price seems to making a very rare pattern on the ES Mini, where price action takes the shape of a shoe that is trying to kick prices higher. Similar to kicking the can down the road. Upside targets are T1 2152.25 and T2 2181.50
When this rare pattern forms, price usually is super choppy with no support or resistance holding from the top of the shoe to the bottom of the shoe. As price nears the tip of the shoe, price will have violent moves up and down after long sideways algo chop. Your feet could get calluses from all the algo choppy price action. To prevent calluses double up your socks :D
If price trades it's T2 @ 2181.50 your foot has out grown the shoe where you should order a size large on your next purchase.
When this rare pattern forms, price usually is super choppy with no support or resistance holding from the top of the shoe to the bottom of the shoe. As price nears the tip of the shoe, price will have violent moves up and down after long sideways algo chop. Your feet could get calluses from all the algo choppy price action. To prevent calluses double up your socks :D
If price trades it's T2 @ 2181.50 your foot has out grown the shoe where you should order a size large on your next purchase.
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