Reasons to Get Long...

We found support at the breakout point from Friday's consolidation low value area (1108.25 ES) which was above the 1107 number that I mentioned in my first post today. After trading up once to the volume weighted average which coincided with this morning's breakdown point we found some resistance and traded back down. However, we couldn't retest the lows. On top of that, the S&P 500 Cash Index as well as the SPYs have touched the bottom range of the Keltner channel on a 60 minute time frame. All of these statements make we want to get long in this market. I am just waiting to see if I can get a down-tick at which point I can get a better entry for a long in hopes of 1st target 1117-1118 and 2nd target retesting the highs at 1125-1127... I will comment on this post if/when I take a long entry...