Thursday, 17 June 2010

12:32 BST ES Update

On the bearish count, looks like the futures may be in the process of finishing off an ending diagonal. Here's how it looks at the moment on ES:

ES 5 min chart:

There's alot of time and a lot of data coming out before the cash open and, of course, we could be in one of the more bullish counts as outlined in my post after the close last night for SPX. So, caution required.