My interpretation of whether wave (ii) purple has terminated is still open after another day of trading. market found support and trade has turned...
From my week in review, I stated several resistance areas. In the pre market, the overnight session reached 1072.75, and closed the open gap....
Another week has come and gone and the only thing that the bears can say is that the market lost (6.25) for the week. The last time I made a post,...
For tomorrows trade, I will be looking at two possible outcomes as shown on the attached chart. If trade continues down in an impulsive manner, we...
Not much to go over as the overnight session is on stand-by awaiting the jobless claims number at 8:30 est. The chart shows the resistance levels...
We hit the first target (1038) and turned tail to the upside. Notice the divergence of the MACD histogram. This is typically found between a 3rd...
A break of 1037 in ES_F sets up next targets of 1030 - 1034 area.
First target of 1038 hit.
As expected, selling pressure resumed in the overnight session. Watch the target areas that I posted last night.
The market is currently working wave iii circle down and it appears that further selling is in order on a near term basis. At a minimum, wave iii...
The overnight session is trading up confirming my "week in review" analysis. There's additional supporting evidence that critical resistance of...
Sorry everyone. I made this post but somehow the commentary didn't update. He's my comments for the 8/21/2010 post as well as the chart again....
The Market took off to the downside right after the negative Jobless Claims number was released at 8:30 EST. Prices traded heavy all day and in an...
However, the deep retracement does cause some concern that a more complex wave (ii) is still unfolding opening the door to further upward prices...
Interesting day in that what appeared to be the start of something big to the downside fizzled. By 3:30 pm est., the market had clawed its way...
Just a short note here tonight. Today may have marked the end of wave (ii) purple right in the area of our Fibonacci cluster points. Getting below...
Early action in the overnight session is progressing as anticipated in an upward fashion. If the current rally is to unfold in a simple zig-zag,...
GettingLucky - Also draw the trendline from the low on a daily chart and then take another look. Interesting? You can see the significants of a...
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