Updated post close - 1414.5 traded.. nice rally into the close. the 15 min chart below followed my arrow.

5 min ES

30 min ES_F

we got the pinch over 1392.50 as i highlighted FRIDAY converted into 1395 which converted into 1407.50. once again a chart pattern coincides with an outside catalyst in the market. (Bernanke hinting at further QE this morning) .. over 1407 we go to highs for 2012 june contract of 1408.  Chart from earlier this afternoon below the jump

5 min ES

15 in ES