Minute wave 5 is truncated. wave 4 is underway will be in the channel range bound for a while.
but be careful, today is OE day… could be wild
here is the big picture of ES 2hr chart:
waves underway:
November 20, 2009
November 19, 2009
Simple mind
8:14am update: bears made their day! expect a ~1% gap down
Both bull and bear have their fence to break out… either sideline has been tested four times. Statistically, it favors the bull.
November 18, 2009
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