Monday, March 16, 2009

NQH9/ESH9 updates



NQ need to break 1150 to see further downsides.
ES at important S/R level(770),we reverse here or we may go higher to 79ish

below is a S&P cash EW chart, as long long 804 hold we are still in bear mkt

Saturday, March 14, 2009

ES may test 770 are before going down


some fib study of ESH9,the retracement shall extended to 770 and watch the price action around this level to decide to short or not.

Tuesday, March 10, 2009

EW of S&P big picture


The S&P Futures looks to still be trading in wave 4) correction with irregular wave B, discussed this past week. The current wave count is telling us that wave C may already be on the way with the next resistance, shown around 720, which is the top of black wave A. After this we will be looking for lower prices in blue wave 5).