Here is the e-mini wave chart for the past two day session. The picture is still bearish because the latest down wave was bigger than the preceding one. While resistance remains at today's high near 793 I note that yesterday's rally was about 12 points (first blue rectangle). A similar rally from the current low today at 778 would carry the market to 790 (second rectangle).
Wednesday, February 18, 2009
Wave Chart at 10:40 am
Here is the e-mini wave chart for the past two day session. The picture is still bearish because the latest down wave was bigger than the preceding one. While resistance remains at today's high near 793 I note that yesterday's rally was about 12 points (first blue rectangle). A similar rally from the current low today at 778 would carry the market to 790 (second rectangle).
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3 comments:
Your bullish bias is at it again, change those 893's, 878's, etc. to 793, 778.
;-)
Really appreciate these frequent updates!
Yikes!
Thanks!
Yikes!
Thanks!
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