Friday, October 16, 2009

ES 10/16 AM UPDATE

10/7 Chart


10/16 AM UPDATE


10/15 Update




Here's an update to a chart I posted last Wednesday. It was a bullish count for ES.

Like the Dow, ES hit it's upper trend channel line. Did we top? This of course assumes we have the count correct.

Whether or not that completes P2, one thing is for sure, we have reached a top of some degree. The question now is how far will she pull back?

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