Here is a five minute bar chart of today's e-mini day session. I think we have seen the day's low. Why? The first pair of green arrows points to a selling climax bar. The second pair points to a wide range, high volume bar that took out the high of the selling climax bar. This looks like a definite rejection of the low at 928 so I think the market is going higher from here.
Volume today has so far been relatively low. And tomorrow the employment numbers will be released at 8:30 am. So I think today will have a more modest range than I initially expected. So I have revised my range estimate to 928-945 (blue rectangle).
I believe that the e-minis are now on the way up into the 965-980 range.
2 comments:
Carl
Nice call
941 and rising! good call King Carl:)
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