Following on some of previous posts, ESU broke mid-morning highs right before the close at 1644. Below is the original roadmap from Thursday night, with he addition of today´s high (in purple). I was expecting a break of 1641/42 to bring more buyers into 1647, as an extended target. It did not happen today.
Price reached 1643.75, less that 2 point short of the scenario target set forth yesterday, and breaking .
New Area (above the original 20 pt. range, marked in white) in the midst of development, provided buyer’s follow up.
1632-1629 as immediate level in which I will be looking for support, followed by 1626 & 1622/20. Below, the levels pointed out on Thursday are still in force, both below and above.
– Below 1620
– Above 1620
That´s it, for now. Have a Good Weekend.-