Monday, August 05, 2013

/ES update

2013-08-05_2145 This is 4 hours /ES chart, quite self descriptive, multiple channels.

There is negative divergence on RSI, if “gold channel” breaks – target is around 1670sh, then, possibly, head and shoulder might be forming.

 

 

UPDATE NOON AUGUST 6th

 

Channel is changing – breaking “gold” ascending turning to “green” descending. Possibly continuing to build head and shoulder. Bounce to 1696 possible or higher.

 

2013-08-06_1157

 

 

YET ANOTHER UPDATE NOON AUGUST 9th – channels at work

 

2013-08-09_1436

 

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