ES Futures Morning Session 02/03/12

Early on I was hoping that profit takers would correct the market to R2 or preferably R1. However, the market didn't come close to either of those levels. R3 is providing some resistance, we so far are only getting a 2 point correction from the high. The $TICK has hit + 800, but not + 1000. So we have good bullish momentum this morning but not overwhelming bullish momentum.

Charles