Thursday, May 01, 2008

Possible Interim Top in E-Mini Crude (QM) SWING Chart

My E-mini Crude (QM) SWING Chart above...
With PRICE in PRIME Support, and the POSITION Chart pointing down, the expectation would be for PRICE to do a Minor PPF (Failure of Resistance) and for lower PRICEs next week.
Having said that, PRICE is still on a Bull TREND, and PRICE is now merely heading down to form PRIME Support, on the SWING Chart above.

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