Here is an updated version of the 5 minute bar chart of the e-minis that I posted this morning.As you can see the market has broken above the high of the last reaction on the way down to the low at 812.75 (red line). This initial rally will probably carry up about 25 points or so to the vicinity of yesterday's close and the midpoint of yesterday's trading range(blue line).
1 comment:
This rally looks pretty strong. I wouldn't be surprised to see the 850-870 range. Thanks for all your work, Carl--I always appreciate it.
Jeff
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