many ways to analyse ES . Now it is in up channel. over the years, my chart becomes simpler and simpler. I deleted all the useless indicators, fibo years ago till it is very plain.
This is what I see: The last swing down, took out the support that gave us the current high, the support from March 21st. This gave a lower low and now we are rallying and will possibly form a lower high. I have 2846 ish area as resistance as drawn by my line.
Possibly doesn't mean anything. PS im out, was enjoying this thread too much with fibo owning these guys. Peace
%% IF only[ I wish LOL] the market[SPY/ S&P 500,QQQ.........] was that perfect all the time!! There is an order in the market-sometimes. LOL-true,
Murray, you would be shocked and flabbergasted to see how your beloved Dow Theory responds perfectly to the Golden Ratio. And just for clarification, my application of Dow Theory icludes not just Dow Jones and Diw Transports, but also SPX & Nasdaq Comp. I do the same for Europe and Asia Dow Theory. ........ Europe = Germany, UK, France, Switzerland Asia = China, Japan, Hong Kong, Singapore, Korea, Taiwan, Malaysia, Orthello (Australia) Emerging Markets = EEM