Charlie's Comments:
The Bonds continued its current move lower as expected and foretold in the analysis. Able to get our recommended shorts off too at advantageous levels. Eventually the Bond did hit our #2 support level before recovering into its close.
The ES rallied late in its session off of GOOG’s earnings and the retreated to the 116-24 area. IF the ES is sideways to higher overnight, wnt to sell the Bond tomorrow and see it 116-08/12 can be broken. No news on tap for tomorrow’ session. Focus should be the ES’s movement off late posted earnings reports.
Josh's 2 Cents:
Volume is early evening trading is building higher intimating a further early rally in the emini Friday Morning. Bias is to the upside for Friday.
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 18 April:
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