Thursday, August 20, 2009

ESU09- Thursday 8/20 11:10 PM PST

Could she be telling us something? Using Dan and Kenny's bullish count, ES may have completed this leg up.

Wave v completed just above the center line of the channel and has moved well below it's lower 2-4 trend line in a fairly impulsive fashion. At the time of the screen capture, it appears a minuette wave ii or iv was correcting that impulse lower. If the new trend continues, it may very well signal a top for SPX and others.

We'll see in the AM!

1 comment:

  1. i think that the ultrabulluish count is on, what do you think?