Thursday, April 23, 2009

ES chart revision

It looks like the 800 area of the es may trigger the angular rule of 4 breakdown. Notice the multiple head and shoulders formations (negative) on this 60 min chart. 830 break gets us going . 860 and we get Mr. bull back in the game. These are ES numbers not SPX. On the SPX a break of the 830 level or 540 degrees up from the low confirms this ES scenario. 835.57 turns the weekly chart down
blog comments powered by Disqus