Wednesday, February 06, 2008

Is The Current BULL TREND Done?

My ES SWING Chart above...
PRICE failed on Monday's Globex session, causing PRICE to tumble and yesterday's action showed no end to the downmove. At the present moment, on the TRADING Chart, PRICE needs to clear 1347.00, and then stay above 1337.50, to reverse, or stop the slide.
On the SWING Chart (as shown above), PRICE has to stay above 1331.50. Failing to do so would result in Leg 1 of Bull Break.

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