An educational blogsite dedicated to teaching the Elliott Wave Principle, Fibonacci Ratio Analysis and Market Timing strategies. Primary focus is on the E-mini S&P. Please read the risk disclosures contained within this blog.
Tuesday, September 20, 2011
Before the Bell: Updated Chart of Nasdaq
From last night's edition of The Market Pulse, the above chart was presented. As you can see price has reached my target. Please refer to my original post for further details as additional upside may exist.
Interestingly, the emini S&P traded down last night and as I woke, found that a reversal has been made. To say the least, the move has got me on the edge of my seat. However neither market is confirming the other leaving this early strength questionable.
I'm watching for a bullish trap in either market.
let's see what happens.
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An update has been made on the Nasdaq at: http://bit.ly/r5DvCG
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