Friday, March 07, 2008

3 Leg Bull Break on SWING Chart...But 1255.50 Still Holds the Key

My ES SWING Chart above...
As mentioned the other day, the upmove did happen but it failed at 1345.00 on Wed, giving us that expected PRIME Lower High (Leg 2 of Bull Break). Yesterday's intraday session however, finished off the 3rd Leg, effectively putting the SWING Chart, in a Bear TREND.
With PRICE hovering in the PRIME Support area on the POSITION Chart, all is still not long as 1255.50 continues to hold.

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