Monday, 13 May 2013

E mini S & P 13th May: A pop higher perhaps today or tomorrow if the low 20's still hold?

Whatever the 'bears' say about this market being oversold I am frankly amazed that last week and today we have consistantly bounced off good support at the lows 1620's. Either price is determined to break lower ( hence our series of lower highs) and restest/ retouch 1610 and even possibley lower or we have now seen a seris of higher lows and good support at the low 20's are are being squeezed towards a breakout from a pennnant (not flag) pattern which should go upwards and fill last nights gap down and take out 1631

No comments:

Post a Comment