Tuesday, October 13, 2009

ES

ES ended its winning streak today. Range was 11.25 handles on expanding volume.

Here is one way to view structure. It's likely incorrect, but wtf.

We printed 1081.50 in globex on a big gap up. So, it appears that (v) did not end at the 1076.25 H (pit session).

Notice the box, which is showing perhaps the best 5 wave structure on the whole chart. Beautiful alternation with the 2 and 4 waves. But these days 5's are 3's and 3's are 5's.

Who knows, maybe by pit open they have price back under the wave 1 price extreme. Not counting on it though.

I have really lost interest in this market over the last few months. I will likely stop updating it on an everyday basis.

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