Tuesday, 22 June 2010

15:29 BST - ES Update

Its not exactly in the same position as the last chart I posted for SPX, but ES may also be starting a 3rd wave down from yesterday's high:

ES 5 min chart:

Again, if its in a third wave down, it needs to behave like it is, otheriwse, its a warning sign that something else may be happening. Watch out also if it can't take out the wave [1] low pretty soon. Yesterday's high is the invalidation point for this count.