Tuesday, May 12, 2009

Tomorrow

Here is a 15 minute bar chart of the e-mini day sessions. I think a new up swing has begun from today's low at 894. I expect it to carry the market to 952 which is midpoint resistance between the 1067 high in October and the 837 low earlier that same month.

I expect tomorrow's day session range to extend from 904 to 925 (blue rectangle). The 904 level is the midpoint of today's day session range (purple dotted line).
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3 comments:

  1. Valentin5/12/2009 06:53:00 PM

    Carl,
    it's been a good day for me to learn and observe. Greetings from Germany, Val

    ReplyDelete
  2. Win5/12/2009 07:38:00 PM

    Carl,
    I agree with your analysis. I wouldn't be surprised if we hit the 952 level by Friday Opex.
    -Win

    ReplyDelete
  3. enrique5/13/2009 04:07:00 AM

    Fully agree with you, but don´t you see a big downturn in a few days heading to 700

    ReplyDelete