Archive for: August 2009

So far so good on this mini correction.  The e-minis tried another breakout on Sunday (up to 1031).  It failed quickly.  Note how the market did not close weak on Friday (near 1029), which made holding over the weekend that …

The E-mini 500 quickly lost it’s breakout and had a pathetic bounce, which created a lower high pivot.  This pattern has a strong likelihood of beginning the drive down I penned in the last post. Quick correction coming….