ES Weekly Channel

Discussion in 'Index Futures' started by tlinebreak, Nov 12, 2006.

  1. Last week closed as a double-top spit of the offer line on the weekly channel. Is anyone else looking for a swing-short entry?
  2. Pekelo


    Agreed. We also had another doubletop with the previous top 12 days ago.

    Not to mention the RSI divergence in both cases....
  3. ES tagged 1392 again today, but couldn't bust it. This is starting to look like an ascending triangle on the daily, using the bid line on the channel and the 1392 ceiling.