Tuesday, July 28, 2009

Quick Update

After today’s slightly higher high on Cubes DOWN wave on yesterday's 15 min chart be gone, but W5 (on QQQQ – don’t get as confused as I am) is very close to projected target area of around $41

Here is an updated chart of /ES



ALL elements of this chart have been in place for a long time - except for adjustment of March low to current high.
It is striking how all major levels suddenly aligned the moment current high on /ES was put in place