Consolidation

My ES TREND Chart above...With reference to my last post, PRICE has yet to break last PRIME Resistance of 992.50, on my SWING Chart. Last night's market action merely showed PRICE in consolidation mode, and gearing up for the next move. Expectation is still for PRICE to fail, in its challenge of 992.50. Stay tuned...

Merely a Pullback?

My ES SWING Chart above...Nothing from the above chart suggests that the market is done going down. It just points to a temporary bottom, in which PRICE is now heading back up to challenge last PRIME Resistance at 992.50. Another PPF, or failure at Resistance would merely reinforce the Bear TREND, the SWING Chart is currently in.

Woo Hoo !! More Downside to Come !!

My E-Mini Crude (QM) SWING Chart...Notice the difference in this posting, against the earlier one, regarding the SIMSCI chart? Hehehe...This chart would bring much joy, to the many car owners around the world (but not OPEC).

More Downside to Come

My SIMSCI SWING Chart above...Having broken last PRIME Support as shown, I'm afraid there is some more downside to come, for the Singapore market. We are about closed to 50% off the highs in May 2008. Scary Bear!

ES TREND Chart: Breaching Last PRIME Support of 974.50 would delay up move.

Current Globex PRICE movements look a tad weak. Breaching 974.50 would simply mean a delay in the upmove. But then again, anything is possible, when it comes to the market...

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ES SWING Chart: Possible Back Door Bear Break

My ES SWING Chart above... My ES POSITION Chart above...With the ES POSITION Chart still heading back up to challenge last PRIME Resistance, the expection is then for the SWING Chart to head back up to challenge yesterday's session high of 1067.00. Breaching this Resistance, on the SWING Chart, would thus give us Leg 1 of Back Door Bear Break. Watch for PRICE Action on the TRADING & SWING Chart,

EURO Futures SWING Chart: A Pull Back on the Cards?

My EURO Futures SWING Chart above... My EURO Futures POSITION Chart above...With PRICE currently in PRIME Support in both my SWING & POSITION Chart, the expectation would be a bounce before PRICE continues its Bear TREND.

Capitulation

My ES SWING Chart above...This week has been a terrible week on the whole, for global markets. The ES alone has dropped closed to 200pts!, in just a span of 4 days! The bad news is that looking at PRICE action, there could still be more downside to come, before support hits in.

Markets Go Lower

My ES SWING Chart above...Despite efforts by Lawmakers and the FED's action last night, the ES continued to tank. PRICE is challenging last know Supports and breaching them. Now, who says that the market cannot be in a constant state of being "oversold"...?

LATEST: Full 3 Leg Bull Break on the EURO POSITION Chart - BEAR TREND

My EURO POSITION Chart...Well, what can I say? The chart speaks for itself.It sure looks like the US Dollar has turned a corner...