Momentum, volume and breadth are slowing as ES passed our 1368 target. Prices are currently using the ES 1368 level as support but as of this post, six hours have passed and prices are only moving sideways.
We do not have a four bar reversal on the 60 minute chart so we would still hold longs if we had them but we are also still aware of the New Moon phase of Wednesday evening and of the potential for a reversal from these levels.
One more push to INX 1385 might finish the current "C" wave pattern but current conditions suggest the current INX 1380.39 will hold. Prices much above INX 1385 would suggest that something else is going on and we would have to address that if it happens. Charts created with http://www.Aspenres.com