Futures have recovered all there initial losses and now appear
poised to test their pivot. Next resistance above pivot is the
downtrend line shown on the chart.
frtaylor - ES formed a small cup and handle pattern after making
a divergent low as shown on the chart. I commented that this
would likely lead to a move up to test the pivot. There remains a
long time between now and tomorrow's open so simply trading the
futures.
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ES 30
Posted by steve on 21st of Aug 2011 at 09:48 pm
Futures have recovered all there initial losses and now appear poised to test their pivot. Next resistance above pivot is the downtrend line shown on the chart.
SPX Futures 30 Update
Posted by steve on 22nd of Aug 2011 at 09:03 am
Broke downtrend line shown last night and now testing R1
nice bounce off the trendline
Posted by matt on 22nd of Aug 2011 at 03:58 am
nice bounce off the trendline of the bull wedge pattern, man it's late time for bed!
Would you add a little
Posted by frtaylor on 21st of Aug 2011 at 09:55 pm
Would you add a little commentary? Does the move up over the last three or four hours suggest anything to you relative to tomorrow's action?
frtaylor - ES formed a
Posted by steve on 21st of Aug 2011 at 10:08 pm
frtaylor - ES formed a small cup and handle pattern after making a divergent low as shown on the chart. I commented that this would likely lead to a move up to test the pivot. There remains a long time between now and tomorrow's open so simply trading the futures.