I continue to watch the ES1! with the symmetrical triangle chart pattern that developed with the trend-lines of the Jan/Feb highs and Feb/Mar lows converging toward each other.
There is a higher probability of the pattern breaking out to the long side, but if the bottom leg of the triangle does not hold look for drop to the short side.
I am intently watching the ES1! and am patiently waiting for a break of the triangle pattern on the daily or hourly charts.
Potential resistance levels for a high-side break-out: R1: 2806 R2: 2880
Potential support levels for a low-side break-out: S1: 2644 S2: 2526
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