Here is today's e-mini wave chart as of 3:30 pm.The market has rallied strongly from its reaction low although at the moment volume is not too impressive. Even so the up wave is longer than the last up wave and the market has recovered its support level at 864. I think support now has moved up to the midpoint of today's reaction - roughly the 866.50 level (purple dotted line). As long as the market holds that level I think it is preparing for a breakout above 876.
1 comment:
Carl,
I find your way of trading the eminis simple and your explanations are easy to understand for a novice like me. Thank you for the day! Greetings from Germany, Val
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