As I
posted yesterday I gave the bears the slight edge and wrote about the possibility of testing or breaking below the 3/26 low if the pullback dips back into wave a.
The market did just that and now ES has that happening. We shall see if cash follows tomorrow.
The 60 min chart below shows some targets for wave c should it follow thru below the 3/26 low. The 200 DMA is near 2012 currently so that may be the logical target.
Let us not forget about that large ED I have been tracking for some time now. That lower trendline is being tested.
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| 5 Min |
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| 60 Min |
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| Daily |
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| ES |
Testing the 3/26 low.
