E-Mini Crude Futures

As we reported yestarday, that we expected crude to rise .. it appears we are in the process of completeing an Elliot Wave "leading diagnoal".. this is April futures..

Pull-back could take us down to the mid 99s ...

Happy Trading!

--Tony

Silver 03142011 - Price/Time

You can see in the attached chart that the inital price target was hit and we are now sitting on the first timing target that were sent out in yestarday's report.. Which way will we go?  Around and around on the merry-go-round..

--Tony

ES Update

Once again the all important Friday low must remain intact! If not then wave C is not complete but the bounce off the 127.2% Fibonacci projection was a very low risk entry. :) Stops should be placed no lower than one tick below.

ES Futures

With Friday's rally in the ES's which produced 9 small waves on a smaller timescale we could be nearing support. This is most likely a wave 2 support if Friday's low is not breached which is very important. If it holds we should start lifting strongly off this area!

Euro's first wave almost complete

For those who attended our vector seminar yesterday we fully expected the gap to be filled over the next trading session and then a move to a new high! Well, here you go. With the ensuing setup this has now registered a minimal 5th wave. With that said stops on longs should be tightened as we are on alert for an impending correction of this rally. :)