The price structure in the China Fund (CHN) is putting upward pressure on the February high at 31.14, which should be hurdle in the upcoming hours, and which should trigger upside acceleration towards my next resistance target zone of 34.00/20.

Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary, or try his QQQ Trading Diary.