Monday, August 22, 2011

$ES_F : Updated Chart




At the 240 min level, w. of w.(i) of w.v circle appears complete. As I alluded to in my weekend video that the intraday chart suggested that my larger degree targets would not be reached in a straight shot. e

If the count is correct, then we are witnessing a w.(ii) counter trend rally that should take price to a minimum target of 1150.25. However, there is the possibility that this move up from 1111.25 is only w.(a) of a larger corrective move.

Let's see what transpires.

Best of Trading

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