ES Weekly chart what do you think

Discussion in 'Index Futures' started by myminitrading, Oct 12, 2007.

  1. This certainly has the makings for a top. Next week is options expiration and the fed meeting.

    Notice the ramp up in the last few minutes of trading in the index futures. Thats usually the case when we have a weekly bearish candle.

    I just don't understand why they keep pushing these futures higher without some retracement.

    I just hate buying into an overbought market, so risky. Oh what am I saying THEIR IS NO RISK!