Thursday, August 27, 2009

ES Intraday

There is definitely no triangle in play. This is what I'm currently looking at.

It appears that we are impulsing off the 1014.75 L, however, I really don't like what would be a sub-minuette i wave that started us out.

Nice hit on the 38.2% retracement. The 1:1 came in at 1014.25.

The minute degree waves may or may not stay.

Notice the nice channel action as well.

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