500-days charts are a cross road . Crossing the red lines DOWN is Bearish . Crossing the blue lines UP is Bullish Crossing DOWN and UP will be confusing .
5000-minutes chart showed that this correction is a correction of a wave which is bigger than 5000-minutes. It also showed some supports.
Looks like we might completed an a-b-c-d-e that originated at the end of July ... which just completed a larger (B), with Friday's rally into the close the beginning of the (C) back up.
if we go up to 1012-14 on globex declining to 1009 or below by the open ,then i would favor this scenerio. normal e wave about halfway down.. say 1000?) :eek:
It's been a long time since the ES moved more than 20 points outside regular trading hours...... This could have been posted before (....i've not been following the forum....) but i prefer the red count.... Take your pick! ESU9 120min
Hi ed I've also looking towards the flat/elongated pattern.... Not technical at all.... :eek: In the iii if its elongated.....
As the old Bolton rule of thumb goes...... If it looks like a Triangle, its probably not...... We've had the heads up on the count though since early last week ... :eek:
Mup, Thanks for being so nice by providing all the shortcut links for me in one post!!! Really nice! Thanks! Edit: Just to add that the 978 region marks the 123% of A and the 974 region is the 138% of A. Both could be potential support areas.