Here is a five minute bar chart of today's e-mini day session. Midpoint resistance stands at 939. The market must stay below this level if my prognosis of a further drop to 918 or 903 is to materialize. A move above 939 on good volume would negate the significance of today's bearish rejection of prices above 950 by creating a bullish rejection of prices below 930.
Wednesday, June 10, 2009
Late Update
Here is a five minute bar chart of today's e-mini day session. Midpoint resistance stands at 939. The market must stay below this level if my prognosis of a further drop to 918 or 903 is to materialize. A move above 939 on good volume would negate the significance of today's bearish rejection of prices above 950 by creating a bullish rejection of prices below 930.
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