AI
Sunday, January 04, 2015 5:33:48 PM
Using Friday's session pattern to project Monday's continuation...
Divergent lows turned both the ES and YM around on Friday. My projection is for
more upward movement based on those signals and the inverted H&S pattern that formed afterwards.
There was one continuation slingshot at the right shoulder and there's the potential for a second one as they closed...
Also - tonight starts the 1st Monday of the month (FLO) for the FUTs...historically a good day to go long if you are so inclined...more on this strategy is documented on this page on my blog.
Divergent lows turned both the ES and YM around on Friday. My projection is for
more upward movement based on those signals and the inverted H&S pattern that formed afterwards.
There was one continuation slingshot at the right shoulder and there's the potential for a second one as they closed...
Also - tonight starts the 1st Monday of the month (FLO) for the FUTs...historically a good day to go long if you are so inclined...more on this strategy is documented on this page on my blog.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
