Thursday 4 August 2011

Russell emini 2000 and EPU

If you look at the two MT4 charts of emini Sept S&P you will see the two charts. 30 mins and 5 mins. Look at the position of the green ML in the 30 min then look where it is in the 5min.....both positions have reactions.I have seen and noticed this bizzare price behavior in all charting platforms. Line(s) & object(s) appear to have more than one position and more than one reaction. The dotted yellow line is the trigger line form yesterday chart/fork LINK
If price does not hold here (a smidgin over the .618 Fib RT from yesterdays low 1230.25 to 1264 move) then i suggest we will go lower but i am not convinced it will be today.
PS: Anyone interested in an Esignal ( 10.6 & 11 version) Custom Pitchfork tool pls contact me for details. It is a custom EFS line script and can draw however many RL/WL's required at whatever intervals.

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