Early Weekend

I spent quite a while writing this morning's post, but I was slowed down by some firefox issues and then the hard break down on equities made my post rather out of date shortly before I was going to publish it. Some days it's just not happening, so I'll just post my central ES chart today which shows the rising wedge I posted on twitter yesterday and shows the target support trendline if this wedge is going to evolve into a channel:

I'm expecting a retracement going into Tuesday or Wednesday next week. There's decent support in the 1330 area and 1318 area.