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ES Consolidates for More Upside Heading into the FOMC Meeting

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    All of the action off of the high at 2074.50 from last Thursday-Friday's Central Bank vertical climb from 2012/15 has the right look of yet another high-level digestion period within the upmove off of the 10.21 pivot low at 2007.50. As long as 2057/53 remains viable support, the set-up points to a test, and likely hurdle, of 2074.50 in route to a challenge of the upper-channel boundary line, now at 2098.00.

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