Instead of dropping to 818 as I thought it would the e-minis have put in a longer up wave than the up wave early this morning (green lines) and broken well above the descending trend established yesterday (see my last post). This means that the day's low is in place so I am going back to my original range estimate of 822-845.This could easily be the start of a substantial rally so I shall try to be a buyer near support. Right now that is at the midpoint of the day's first reaction (purple dotted line).
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