Stock, Option and Futures Trading
ES 60 Min Blue Bars
The ES has 60 minute blue bars are this level. The blue bars mean that this move up is most likely over. You can see from the 1150 low we had blue bars come in and that marked the low for a 100 point rally.
I would be careful on longs at this point and look for the market to start to correct back down to the 1200.