Had a bunch of support levels close together at these 1290 levels on the ES, corresponding to the 61.8% Fib. retrace
The ES came just shy of a 150% projection off of its seed wave setup and continues to test lower
Monday, July 18, 2011
Posted this chart a few times last week as it updated. We broke down from our up-trend line and are in a throw-back process that coincides with a down trend line. TICK is diverging positively so far.
Price has reached the measured move from the H & S pattern mentioned last week and filled the gap left from 6/28 coinciding with a 61.8% retracement
Had a bunch of support levels close together at these 1290 levels on the ES, corresponding to the 61.8% Fib. retrace
The ES came just shy of a 150% projection off of its seed wave setup and continues to test lower
Had a bunch of support levels close together at these 1290 levels on the ES, corresponding to the 61.8% Fib. retrace
The ES came just shy of a 150% projection off of its seed wave setup and continues to test lower
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