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Replies to #8053 on Cycle Trading
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Y worry Murray

03/26/15 1:54 PM

#8056 RE: Duma #8053

I beg to differ. The ON trend was down but at 5:30 EST ES made a significant low with conjuncts with the low of the 13th and the lower fork. Subsequently it made a DHL (arrows) so it was clear that although this is a bounce the intraday trend is up. We are now above the upper fork so a PB will be a setup for me to go swing long. The prior low appears below.