ES Future Update

From our report we placed a great deal of importance on the trend channel we where approaching. We stated that we're so close that its almost implausible that it won't be tested. The Futures are sitting on them right now and the cash index could reach it on the open. A break of this channel will lead to lower prices. Typical action would be that the market may bottom and rally back up to touch the channel before reversing. That is typically a low risk short in this case. God speed to all!

Mark