Wednesday, June 02, 2010

Update

The ES remains in a trading range extending from 1068 to 1095. At the moment the market is trading at the high of today's range estimate - 1085. I still think it likely that we shall see the 1060 level before a sustained rally begins. But tomorrow I will interpret any strength above today's high (which, so far, is 1086) as a sign that the move to 1300 is underway.

5 comments:

andi said...

i agree w/carl..this rally may peter out by 1093 or so..so daytraders can trade in their chips..don't be greedy..today's action was a surprise...and bears from yesterday ran for cover..
However, the nature of rally is suspect hence revisit to may lows could be in order...

tellzhang said...

I think 1090 will be next low on the way to 1300...but who knows? just IMO.

Naveedah said...

RESPECT CARL FROM MY HEART!!
WHO CAN DARE TO CHALLENGE 1068--1095++
This is free so ....
So many thanks,no one could do but you captured the right moves in ES_F.
I'm happy.I learnt from the right and best trader in the world.
I Believe in you!
Stay healthy,happy and prosperous!
You are so great ,Sir

kcounty said...

its becoming clear that forecasting the per day fluctuations is a 50/50 guess, but Carl has been extremely unwavering in his 1300 call.

thanks for your hard work though, i still read it everyday.

sure do wish you would TWEET your updates!!!!!!!!!!!!!!!!!!!

No said...

Friday's employment numbers are the key. They should be good and smart money will sell the news.