Tuesday, October 4, 2011

5:30 AM Pre Market Update

5:30 AM Pre Market Update

I'm maintaining watch on Dr. Copper who appears to be forming an ending diagonal. Either wave 4 is complete or one more push to the dotted TL is required since it appears as though wave b of 4 may be forming a tri.
HG

If 4 is complete, wave 5 should be expected to tag the lower TL and cannot exceed 2.848 or wave 5 will be greater than wave 3.
ES
ES has put in a  lower low beyond the 8/9 low. For cash I'll be watching the 1090-1080 zone for a bounce where v=i at 1085.

15 Min
blog comments powered by Disqus