If its a diagonal, wave (5) needs to be shorter than wave (3), so I think the invalidation point is at about 1089. So, it could be invalidated quite quickly.
ES 5 min chart:
Tuesday, 13 July 2010
14:04 BST ES Update
I can't say this is a high confidence count, but everything I'm watching does seem to be moving higher in a wedgie fashion and on waning momentum.
If its a diagonal, wave (5) needs to be shorter than wave (3), so I think the invalidation point is at about 1089. So, it could be invalidated quite quickly.
ES 5 min chart:
If its a diagonal, wave (5) needs to be shorter than wave (3), so I think the invalidation point is at about 1089. So, it could be invalidated quite quickly.
ES 5 min chart:
