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).
You nailed it Carl!!!
ReplyDeleteCharles
Carl,
ReplyDeleteWasn't the pullback even to take a long position?
jlk
hey carl, did we just see at demand shock at 2:55pm 5min candle?
ReplyDeleteThis is a breakout Carl
ReplyDeleteWe should close in the 812-815 area today but we could see your 840 by Wed