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This is the 12 hours view of the ES Futures. We are slowly grinding up through the falling of resistance on the triangle. What I'd like to see is a rally up to around that 1980 area and then a fall back down to maybe 1960 area. If they would do that on Wednesday then we "could" (should) see the charts align up that suggests a bullish move up to 2000 or more after the FOMC meeting Thursday. This is pure speculation on this move.

The reason I did this on the 12 hours chart is to point out that this rally will likely end this week as seen with the MACD's reaching the zero level where I expect them to rollover and go back down to make a "higher low" then the prior crash low of -45 to -50 or so. Meaning that you shouldn't get too bullish when (and if) we rally up to 2000+... regardless of whether the Fed's raise rates now or delay them until some future date.

More in this category: ES Futures – Afternoon Update Tuesday September 22, 2015 » ES Futures – Morning Update Tuesday September 22, 2015 » VIX – Morning Update Monday September 21, 2015 » ES Futures – Morning Update Monday September 21, 2015 » ES Futures Morning Update – Friday September 18, 2015 » ES Futures Morning Update – Wednesday September 16, 2015 » ES Futures Morning Update – Tuesday September 15, 2015 » ES Futures Morning Update – Monday September 14, 2015 » SPY Afternoon Update – Friday September 11, 2015 » ES Futures Afternoon Update – Friday September 11, 2015 » ES Futures Morning Update – Friday September 11, 2015 » SPY Afternoon Update – Thursday September 10, 2015 » SPY Afternoon Update – Thursday September 10, 2015 » SPY Afternoon Update – Thursday September 10, 2015 » SPX S&P 500 Index-Afternoon Update Thursday September-10-2015 » SPY Midmorning Update – Thursday September 10, 2015 » ES Futures – Morning Update Thursday-September-10-2015 » ES Futures – Morning Update Wednesday September 9, 2015 » SPX S&P 500 Index– End of Day Update Tuesday September 8, 2015 » SPX S&P 500 Index– Afternoon Update Tuesday September 8, 2015 » IWM– Afternoon Update September-8-2015 » ES Futures – Morning Update Monday September 7, 2015 » SPX S&P 500 Index– End of Day Update Thursday September-4-2015 » ES Futures – Afternoon Update Friday September 4, 2015 » IWM ISHARES RUSSELL 2000 ETF Afternoon Update-September 3-2015 » ES Futures – Afternoon Update Thursday September 3-2015 » SPX S&P 500 Index– Morning Update Thursday September 3, 2015 » ES Futures – Morning Update Thursday September 3, 2015 » VIX VOLATILITY S&P 500 Afternoon Update – September 2, 2015 » ES Futures – Morning Update Wednesday September-2-2015 » ES Futures – Afternoon Update September 1- 2015 » ES Futures – Morning Update September 1, 2015 » ES Futures – Morning Update Tuesday September 1 2015 » VIX VOLATILITY S&P 500 Morning Update – August 31- 2015 » ES Futures – Morning Update August 31, 2015 » ES Futures – Afternoon Update for August 27th 2015 »
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