Friday, January 16, 2015 5:46:46 PM
January 2015 - 1st and 2nd week charts
Interesting reversals for the 1st complete week of the year.
Session charts - the ES, YM and NQ had histogram divergences at the lows last Tuesday...the RUT did not.
On the dailies - all but the NQ rebounded 'perfectly' from their BZ retracements of December's High/Low runs...
The NQ overshot its BZ to print a divergent double bottom.
Below those charts are interesting reversals for the 2nd week...this time down. The ES and the YM have broken out
of their rising wedges and retested those levels Friday. Also interesting is that all but the NQ's retrace BZ areas (Oct to Dec run up)
co-inside closely with the Fibonacci extensions of the low to high runs of December.
1st week
2nd week
Interesting reversals for the 1st complete week of the year.
Session charts - the ES, YM and NQ had histogram divergences at the lows last Tuesday...the RUT did not.
On the dailies - all but the NQ rebounded 'perfectly' from their BZ retracements of December's High/Low runs...
The NQ overshot its BZ to print a divergent double bottom.
Below those charts are interesting reversals for the 2nd week...this time down. The ES and the YM have broken out
of their rising wedges and retested those levels Friday. Also interesting is that all but the NQ's retrace BZ areas (Oct to Dec run up)
co-inside closely with the Fibonacci extensions of the low to high runs of December.
1st week
2nd week
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