Wednesday, 13 November 2013

Emini Dow

Remember this PF from the previous post? It's the biggest you can draw with the YM. Now look at the first 100% down sloping reaction line in red

  here it is in more detail in the daily
 I have chosen this pitchfork but there are at least another 2 serious contenders for capturing this whole recent arc of price action.

This spells trouble and today and tomorrows session with be critical in showing the future direction of this  and other equity markets.
Here's a detailed reaction line and pitchfork study using  the MT4 FX Pro broker CFD feed. The same fork as in the Esignal study above is seen in black below.

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