Hey Mup, That was one helluva RINSE JOB!!! Did they just "waste" all of the shorts there, or what??? :eek:
A step back to ponder the larger time frame... What the bears seem to be missing.... Maybe Prechter should have a re-read of his chaper 4 on fib time sequences...?? Monthly SPX Fib trilogy
.... price continues to respect the upper TL .... .... every time it hits it .... price corrects just enough to make room for more up movement.... if wave 1 finished..... 100% extension would be around 1166
Globex fail to make a new high on the over night it got upto 1015.25 That may be the first hint a delta point is in and now were in the c wave to test that 985 level.... Below the 61.8% 998 (ES) puts the odds in firmly in the lesser the c wave... If it holds then the Bulls still have an another run up option..... Nice and simple LIS
A more symmetrical reverse Head and Shoulders pattern . And a 5-waves UP too . There may a measured move UP to new 5-days high .
Not Technical at all )) If their sweeping the band, you normall get a wide spread bar back through the band to keep the remaining locked in orders from providing anymore supply.... see what yoy think.... 15min ES