Here is a five minute bar chart of today's e-mini day session. I think we have seen the day's low at 841.50. I now estimate the day's high will be near 858 (blue rectangle). If I am right about this the market should hold midpoint support (purple dotted line). A reaction as big as the reaction just after the open would would carry the market down about five points (purple rectangle). I think that we shall see the the e-minis trading at 875 sometime this week.
Monday, April 13, 2009
Wave Chart at 10:30 am
Here is a five minute bar chart of today's e-mini day session. I think we have seen the day's low at 841.50. I now estimate the day's high will be near 858 (blue rectangle). If I am right about this the market should hold midpoint support (purple dotted line). A reaction as big as the reaction just after the open would would carry the market down about five points (purple rectangle). I think that we shall see the the e-minis trading at 875 sometime this week.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment