E-Mini, SPX: Close to Bottoming!

E-Mini, SPX: Close to Bottoming!

3 August 2016, 13:06

Yesterday market broke important support and put an end to wave i of 3 (of our Primary Analysis) and stopped right at 162% extension level. Both our 3 short-term targets were met: 2157, 2153 and 2145.

Previous Article - E-Mini, SPX: Is the Market Topping?

ES 4H Chart - August 3, 2016

In this 4h chart, we can see that ES stopped at the lower-bound of the previous trend channel and at the 162% extension level. Immediately after, market bounced up to 100% extension and failed to cross over. This move down from the high is ...Read More

Share it with friends: