Rally should start very soon… so “yes” it very likely to continue into Wednesday and top Thursday. Or it screams today and tops at the close? If we close green up near 2090 or so then I’d guess we will exhaust the move up and go back down Wednesday and Thursday. Let’s first see the rally start before I predict the end of it.
The 2085 support I was speaking of was on the SPX, not the ES Futures. As for Thursday and Friday there’s a very strong chance that we’ll make a lower low on one of those days then Wednesday’s low.
Rally should start very soon… so “yes” it very likely to continue into Wednesday and top Thursday. Or it screams today and tops at the close? If we close green up near 2090 or so then I’d guess we will exhaust the move up and go back down Wednesday and Thursday. Let’s first see the rally start before I predict the end of it.
Rally up tomorrow for 11 day?
This is the chart I posted yesterday on the ES: http://screencast.com/t/5HQeyOCx5x I think we are in the “HOWEVER” statement.
We are at good support here. I wouldn’t be surprised if we don’t put in the low within the first hour or so and then rally into the close.
ES Update: http://screencast.com/t/5HQeyOCx5x
SPX Update: http://screencast.com/t/I5Qm6SuBgy
Gold chart analysis: http://niftychartsandpatterns.blogspot.in/2015/03/gold-nearing-weekly-lows.html
ES Update: http://screencast.com/t/WMu6D9JU
The 2085 support I was speaking of was on the SPX, not the ES Futures. As for Thursday and Friday there’s a very strong chance that we’ll make a lower low on one of those days then Wednesday’s low.
Hit 2085 on ES today…