Monday July 22nd, 2019 by Mike Paulenoff I had no electricity for 90 minutes today, and it really didn't matter. Lots of sideways noise in these markets awaiting the next catalyst during the dog days of summer. My attached ES chart shows all of the intraday action since a new all time was hit at 3023.50 on 7/15/19. From a strict technical perspective, the pattern exhibits a budding series of lower-lows at 2974.50 (7/17) and at 2969.50 (7/19) juxtaposed against a series of lower-highs at 3021.75 (7/16), 3013 (7/17), 3009.75 7/19), and 2993.50 (today). To disrupt and neutralize the budding pattern of lower-lows and lower-highs off of the 7/15 all time high at 3023.50, ES needs to climb and take out resistance between 3005 and 3010. Anything less than that effort will leave us "purists" skeptical of upside continuation. Have a great evening everyone... Hopefully tomorrow will be a bit more eventful... ZZZZZzzzzz... $DIA $QQQ $SPY Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com *Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page