March ES reached 1054.75 as expected and posted here earlier. Odds are the B wave we suggested began at 1067 area has now completed. C up is next, at least those are the odds. The expectation is for a move to ES 1078 to 1082, though the gap at 1095 area could be filled, prior to a new leg lower. Importantly, The Autobot Advance/Decline tool has Not given ok to trade from long side yet. That could occur in pullback in C wave but currently trend is down and risk remains to downside so no overnight positions will be taken. A gap higher tomorrow which does does not fill in first hour supports the idea of a rally to the higher targets posted above. Thats the overview.
Autobot will be looking to short at higher levels after the expected rally.
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Intra-day ES Update Target reached: What next?
Started by
autobot
, Feb 08 2010 04:57 PM
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