Monday, 3 June 2013

E mini S & P: More than just a dip? Looks like a change of behaviour

I am not saying the long term trend is over but this is a welcome retracment of more than the recent usual dimensions. The recent top pattern ( HH followed by LH now followed by LL) shows we have for the moment run out of energy. My eyes are on the LMLP of the black fork at 1625 to see how price behaves around/on that line. Failing support there we could go lower. But this is not a market that is easy to trade. For a full explanation of the pitchforks and reaction lines please watch the 5 min free video

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