Saturday, February 16, 2008

ES SWING Chart: Leg 2 of Bull Break Complete. Will Leg 3 Stall?

My ES SWING Chart above...
With PRICE already in PRIME territory in yesterday's trading session (and with the Position Chart still pointing up), there is every possibility that next week, we will see PRICE heading back up to challenge last Resistance at 1371.50, and Breaching it. Doing so would invalidate the 2 Legs and bring PRICE back into the Bull TREND. Watch out for this...

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