![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYtasvGZxg9G76EMgcg7-a30YCp_4q0_25VyfypWV68nPHydsj_eyrskVv_tRHZBPxPWQJH3P1CWjvOzk-O8YzuatllgcvwTjHav1NYhpBS4UhY9dImhmfC120joJ7JvWJfQ3nvQ/s400/100915+130+pm.jpg)
Here is a 30 minute bar chart showing 24 hour trading in the e-minis. The market has started to struggle as it has approached the late June and early August tops at 1127 (red dash line). The trend is still upward however. I think the ES will get close to or perhaps take a peek above 1127 and then break 20 points or so back to the lower end of the green trend channel. After that I think the market will break decisively above the 1127 level, thus staging an upside breakout from a clearly defined head and shoulders formation.
1 comment:
Beautiful chart. Do you have a time measure as well as price?
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