Friday, June 06, 2008

Wow! ES Defies Gravity...

My ES TREND Chart above...

My ES SWING Chart above...
" Expect the Unexpected "...well, this statement holds true for last night's trading session. Expectation was for PRICE to continue lower on Wednesday's trading session but at the start of the session, PRICE made an unprecedented Higher Low, on the TREND Chart, giving the first glimpse of a possible change in TREND. The 2 Legs of Bear Break that followed really reinforced the Bulls position and of course, with last night's action, it only but sealed the Bear's fate.
With last PRIME Resistance on the SWING Chart at 1407.00, we are already at the cusp of creating Leg 1 of Bear Break. And at the same time, PRICE could also be reversing the 2 Legs of Bull Break already formed, on the ES POSITION Chart.
Things are getting interesting here...

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