Here is today's wave chart for the e-minis. Right now I think it is moderately bullish. Bullish because the second up wave of the day was longer than the first while the second down wave was shorter than the first - and because the latest down wave is holding above support. But only moderately bullish because the market has yet to show any strong volume breakout above the 830 level. I am expecting one later today.
Tuesday, February 03, 2009
Wave chart at 11:45 am
Here is today's wave chart for the e-minis. Right now I think it is moderately bullish. Bullish because the second up wave of the day was longer than the first while the second down wave was shorter than the first - and because the latest down wave is holding above support. But only moderately bullish because the market has yet to show any strong volume breakout above the 830 level. I am expecting one later today.
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1 comment:
Fundamentally speaking on Carl's tech blog, let's not forget that the ADP report comes tomorrow which does move the market so I doubt traders will want to be long going into the report. Combing fundies and techs is how you make money short term trading filks
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