Contributors to FXStreet.com

Tuesday, May 17, 2011

ES Update

The Es's have just bottomed perfectly on the 81% projection. The overall look is that of a c wave ending diagonal. Lets let the market decide on the open. From there these are the presently active Fibs. If this is a bottom, Big If, I'd wait for secondary higher low to buy into and initially trail a stop to lock in profits just in case the expanded flat rears its ugly head.

Mark