Wednesday, 3 April 2013

Emini S&P.....end of the pattern continued?

 As the session draws on I am becoming concerned that the pattern is blowning out and if we fail to hold on the supporting lines ( as per the video) and given some allowence for distribution around the ML and RL we will see a break back towards 1550. What would the end of this pattern mean for the current trend? Watch for 1553 area.  If we make a lower low we are surely going to test 1550 and lower.

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