ES POSITION Chart: PRICE is now at PRIME Resistance - Leg 2 of Bull Break?

My ES POSITION Chart above...If PRICE starts to fail here at Resistance, it will mean that PRICE will head back down to challenge last PRIME Support at 1253.00, created on the 16th of March. Breaching that Support level would also mean a completed 3 Legged Bull Break, and thus changing the TREND to BEAR. Will we see that happening? Keep a look out on PRICE, on the TREND, and SWING Charts, for

Leg 3 of Bear Break in Progress, on the SWING Chart...Unless Yesterday's Session Low of 1342.00 Gets Taken Out

ES SWING Chart: Leg 3 of Bear Break Has Just Occurred - BULL TREND

My ES SWING Chart above...We are now in a Bull TREND, on the SWING Chart, which incidentally also points to the end of the down move we had early last week.So, on a POSITION Chart basis, PRICE is now heading back up to challenge last PRIME Resistance at 1526.75. Where it fails, nobody knows...until we see it, that is. LOL.

ES POSITION Chart: PRICE Still Needs to Head Back Up to Challenge Last PRIME Resistance...

My ES POSITION Chart above...Looking at the above chart, PRICE still needs to head back up to challenge last PRIME Resistance, to establish a PRIME Lower High (Leg 2 of Bull Break). However, if PRICE makes a PRIME Higher High instead, then Leg 1 of Bull Break would be completely invalidated. Let's see if this Bull has the extra oomph to get back on track.

As Warned Last Night...

Am rushing out for my day job appt, so I'll do a quick post...As warned twice, in last night's post, the expectation was for PRICE to head back down to challenge last PRIME Support on the TREND Chart. That confirmation came when I posted the warning again at 11:35pm.Will post the charts later today when I get back...

PRICE Still Heading Up, But...

My ES TREND Chart above...Though PRICE has yet to fail, do not discount the fact that a pullback of sorts is on the cards tonight. We have already made a PRIME Higher High on the TREND Chart but no PRIME Higher Low as yet. And with the SWING Chart still pointing up, we still need PRICE to head back down in PRIME, to challenge last PRIME Support at 1296.50, which was established right after the

ES 1255.50 Level Being Challenged - Markets Do Not Like "The Bear Stearns" News...

As I type, 1255.50 on the ES has been taken out, by pre-market activity...

PRICE Has Made a PRIME Lower High...Will a PRIME Lower Low Followed Suit?

My ES SWING Chart above...Expectation is now for PRICE to make a PRIME Lower Low, for the Bear TREND to continue, on the SWING Chart.However, as the POSITION Chart is now pointing up, we might just see PRICE failing, giving us a possible PRIME Higher Low instead. Do keep a look out for this possibility happening tonight (Roll-over is also tonight)...

Article from The Gold Report - An Opportune Time in History? You be the Judge...

Came across this article from The Gold Report. To some, this article may paint a bleak picture. But to others, it could very well be the path to riches. You be the judge...

ES SWING Chart: Confirmation of End of Leg 3 of Bull Break.

My ES TREND Chart above...From the above ES TREND Chart, you can see that PRICE comfirmed the bottom of 1272.25 with a PRIME PPF of Support, followed thereafter with a PRIME Higher High. With the last PRIME Resistance on the SWING Chart, just hovering at 1345.00, the expectation would be for PRICE to make a PRIME Lower High. But as long as PRICE doesn't fail, on the TREND Chart, in the current

Bearishness Abound!

My ES SWING Chart above...PRICE continued to trade lower in last night's trading session. With the TREND Chart making PRIME Lower Lows and PRIME Lower Highs, it is clear that this Leg 3 of Bull Break is still not done. Will 1255.50 be completely demolished? In any case, a bottom here would merely signal that PRICE is heading back up to challenge last PRIME Resistance 1345.00, on the SWING Chart

3 Leg Bull Break on SWING Chart...But 1255.50 Still Holds the Key

My ES SWING Chart above...As mentioned the other day, the upmove did happen but it failed at 1345.00 on Wed, giving us that expected PRIME Lower High (Leg 2 of Bull Break). Yesterday's intraday session however, finished off the 3rd Leg, effectively putting the SWING Chart, in a Bear TREND.With PRICE hovering in the PRIME Support area on the POSITION Chart, all is still not lost...as long as

It's Still Messy...

My ES SWING Chart above...As you can see from the chart above, PRICE has been moving between these two levels, mainly 1400 & 1255.50. Until and when either levels are Breached convincingly, we will simply see PRICE bouncing around.But for the time being, we should see a upmove in PRICE, to challenge last PRIME Resistance at 1390. Expectation is for it to fail, to give us a Lower High.