yahoogle
May 05, 2010, 10:07 AM
From the last weekend update:
In order to maintain the bearish potential, it is important that any ES bounce should stay below 1200-02, and preferably 1196, and then proceed to lower lows beneath 1183 and 1177 in a possible wave 3 to the downside.
If we do see a weak bounce and a drop to lower lows, then 1164-67 is lower support in the bigger picture.Our weekend update opened a window into the future, with 1202 being rejected, followed by 1196 loss, and yesterday's 1164/67 support.
How low can the market go? Stay on top of the market with further updates by becoming a member.
In order to maintain the bearish potential, it is important that any ES bounce should stay below 1200-02, and preferably 1196, and then proceed to lower lows beneath 1183 and 1177 in a possible wave 3 to the downside.
If we do see a weak bounce and a drop to lower lows, then 1164-67 is lower support in the bigger picture.Our weekend update opened a window into the future, with 1202 being rejected, followed by 1196 loss, and yesterday's 1164/67 support.
How low can the market go? Stay on top of the market with further updates by becoming a member.