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Tuesday, April 5, 2011

E-minis [Update 12:36PM]

[Update 12:36PM: We have a breakout on the Wilshire5000 from a triangle. I have to assume, for now, it was a Minute [iv] triangle of Minor 5.  As long as [iv]'s price is not breached on any wave (ii) of [v] of 5 pullback, its a valid count. It seems the market is in a hurry.
A very tight up channel so far. Wave (iii) of [v] of 5 would take out the previous February high.
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