Here is an hourly chart of day session e-mini trading. After the Fed news the market rallied to just above the top of today's range estimate at 1075. The move up from Monday's early low has been a struggle and I think this means that the market is about to break 35-40 points from current levels. This would bring it down to support at the lower channel line and the last significant top near 1035.Once this reaction has recharged the market's batteries I expect a swing up to the long standing target at 1120.
6 comments:
Great Job Guru!
You were right on again today... I got some short at 1075 and went with it and thinking of holding overnight!
Thanks
Carl,
I must say u know ur stuff pretty darn good its scary... Your roadmap last week of 1075-1080 was right on!
Congrats
Very Nice Carl.........Thanks.
Ron
Crazy Carl,
I want to kiss you... nice work
I agree. Keep up the voodoo that you do so well.
BTW - Those who haven't read his book, you should!
Guess the question now is if Carl would or would not go short given this now looks like confirmation of a 30-40 point break that Carl has been expecting :)
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