Tuesday, December 01, 2009

Update

Here is a daily chart of 24 hour e-mini trading. My current upside target is the green oval which lies at the confluence of two trend lines and the midpoint of the 2008-09 bear market at 1126. I think the October top at 1099 (red dash line) will provide support for the subsequent reaction. After that reaction is complete I expect the market to resume its march to 1170 and above.

1 comment:

themarkettrend said...

Nice chart Carl thanks...