Charts and trend status quo from NY close yesterday. Continues to support our thesis of a bottom for ES at 1295 and a continued advance above the minor cluster at 1315. Let me begin todays analysis and charts with our staple charts from the intermarket space.
I would first like to point to Gladiator buy trigger at 1306 on 21 May 2012 as Indicated here.
Gladiator has been performing very well catching above 10 handles moves on both sides of the markets. The long was triggered yesterday at 1306 and still stands at 1320 levels.
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