Here is a five minute bar chart of the e-minis covering the last part of yesterday's day session and the early part of today's. I see no sign that the trend down from Friday's high at 872 has ended. This morning's early rally only brought the market up to the generally declining trend established yesterday (declining red line).I am adjusting my range estimate for today to 818-840. I am guessing that today's day session low will be as far below today's early low at 823.25 and this early low was below yesterday's low (red rectangles).
1 comment:
Does that at all alter your 940 range over the next few weeks?
Thanks for sharing
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