Thursday, July 30, 2009

ES Channel Line Swat Down That Makes Sense

The Channel from April 2009 rise has swatted down the advance 3 times. At least for now this means something. Even with a push above 1000 in a day or two, the /ES futures (S&P 500) can intersect this trendline at a higher level, and perhaps be swatted down again.

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Insightful and Useful Comment!