PRICE will continue in the direction it is going, until it fails.
Saturday, June 21, 2008
My ES POSITION Chart above...
My ES SWING Chart above...
Thursday's PRIME HH proved to be just a blip as the Bear TREND asserted itself again last night, by invalidating the previous day's Leg 1 of Bull Break with a PRIME LL, followed by PRIME LH and PRIME LL again - Clearly, Bear TREND PRICE actions.
Looking at the SWING chart shown above, PRICE still needs to create a PRIME LH, to be in line with the Bear TREND PRICE action as well...So, expectations would be for a possible pull back in PRICE, in PRIME, to challenge last PRIME Resistance, before the resumption of downward pressure.