Friday, 6 December 2013

Emini S & P and Dow: All points higher...equity markets technically strong post US non Farm Payrolls data

Same charts as yesterday shown below with the same pitchforks and multiple reaction lines ( from historical PF's- some Andrews, occasionally schiff or non schiff but more often than not FNL Pitchforks) drawn by auto MT4 Pitchfork tool. Using PFs' and Andrews theory we can assess the non touch on the green horizontal centre line as bullish. Also see how price has now escaped the band of down sloping reaction lines and showing typical behaviour gives energy release in the form of upward movement.

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