My SWING Chart:
Clearly, Ben's talk & the release of the FOMC minutes caused some uncertainty in the PRICE action of the ES last night. On the TREND Chart, there were Oscillation Support & Resistance Matches but these cleared up with PRICE breaching Support, towards the end of the session.
A point to note also, is that we have made a PRIME Lower High, on the SWING Chart. It will be interesting to see how this will play out, in the days to come:
1) Will Leg 3 of Bull Break be created, on the TREND Chart?
2) Or will PRICE simply invalidate the 2 Legs altogether, by breaching Resistance, and pulling the ES back onto the Bull TREND?
3) And what about PRICE, on the SWING Chart? Are we going to see a Back Door Bull Break?
Stay tune folks. These are exciting times...
A point to note also, is that we have made a PRIME Lower High, on the SWING Chart. It will be interesting to see how this will play out, in the days to come:
1) Will Leg 3 of Bull Break be created, on the TREND Chart?
2) Or will PRICE simply invalidate the 2 Legs altogether, by breaching Resistance, and pulling the ES back onto the Bull TREND?
3) And what about PRICE, on the SWING Chart? Are we going to see a Back Door Bull Break?
Stay tune folks. These are exciting times...
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