The e-minis rallied to just above Thursday's high and have now started to react downwards. I estimate that this reaction will run 10 points or so (purple rectangle) and will hold near the day's midpoint so far (dashed red line). Later today we should see a move to the top of my range estimate near 805 (blue rectangle).
Monday, March 23, 2009
Reaction
The e-minis rallied to just above Thursday's high and have now started to react downwards. I estimate that this reaction will run 10 points or so (purple rectangle) and will hold near the day's midpoint so far (dashed red line). Later today we should see a move to the top of my range estimate near 805 (blue rectangle).
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4 comments:
You nailed it Carl!!!
Charles
Carl,
Wasn't the pullback even to take a long position?
jlk
hey carl, did we just see at demand shock at 2:55pm 5min candle?
This is a breakout Carl
We should close in the 812-815 area today but we could see your 840 by Wed
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