markplea- please
be a little more specific on your blog questions. I don't
know if you mean where does the market go in the next hr, or this
week?
I made a post last night that was pretty clear, ignore the
futures part, but see the last two charts and my comments. I
stated that for now I viewed the pullback as a wave 4
that had further downside to go. So far that is playing out
as we had more downside today. One area to look for support
is the broken downtrend line I show on the 60 min chart.
where to from here???
ES futures etc
Posted by markplea on 28th of Dec 2011 at 10:03 am
markplea- please be a little more
Posted by matt on 28th of Dec 2011 at 10:12 am
markplea- please be a little more specific on your blog questions. I don't know if you mean where does the market go in the next hr, or this week?
I made a post last night that was pretty clear, ignore the futures part, but see the last two charts and my comments. I stated that for now I viewed the pullback as a wave 4 that had further downside to go. So far that is playing out as we had more downside today. One area to look for support is the broken downtrend line I show on the 60 min chart.
here's the URL to my post from last night
http://breakpointtrades.com/blog/post/188787/