SP500 Future (ES) 3h Chart (02/13/14)

Daily Note:  ES broke through the 23 resistance today and consolidated near high just under 28 which was a reaction high started the nasty decline a week ago.  So keep watch 28 for clue for ST direction.  Resistances beyond 28 will be near 31.5 and 44-5 and it appears ES intends to test the high based this 3h chart.  The weakness we observed yesterday materialized during night session and ES retreated to our support 1803 and rebounded to start today's rally.  Rainbow has completed its transition and pinky is pointing up.  So bullish bias continues.  Support: 23, 17-9,  11, and 03.