Wednesday, March 12, 2008
ES SWING Chart: Confirmation of End of Leg 3 of Bull Break.
My ES TREND Chart above...
From the above ES TREND Chart, you can see that PRICE comfirmed the bottom of 1272.25 with a PRIME PPF of Support, followed thereafter with a PRIME Higher High. With the last PRIME Resistance on the SWING Chart, just hovering at 1345.00, the expectation would be for PRICE to make a PRIME Lower High. But as long as PRICE doesn't fail, on the TREND Chart, in the current direction that it is going (which is up), then be prepared that Bulls, will be presented with a " get out of jail " card...soon.