There was some crazy action today on the /ES. All day we saw one setup hold and the next one fail. Right now it looks like the /ES is stuck between a daily ambush short and a 15 minute ambush long. It was a struggle all day between the bulls and the bears so it will be interest to see who takes over here. If we break the daily ambush short setup the bulls can take us up to test the 1127 level. If we hold the daily ambush short the bears could drive this thing down to the short target at 1004! Here is the 15 min and daily chart: http://www.elitetrader.com Happy Trading !