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Tuesday, June 1, 2010

E-minis Update 3PM

[Update 3PM: Some divergences between the indexes. But the DOW's triangle looks ok]
[Update 2PM: I guess the key is to allow time for the triangle to develop if thats what it is and not label anything too early. The scraggly waves seems to fit a triangle structure with the required complex leg being the "c" leg which is typical most of the time. At any rate, sure looks like a slew of zigzags up and down.]
[Update 10:20AM: Battle between equally-sized big gaps.  Nothing looks impulsive up nor down so maybe a triangle is developing to take it up and close the upper first.
Good luck today!
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