Tuesday, May 25, 2010

ES ~ Pre-Market Update 25 May 2010

Earlier this morning the ES was down to 1037 almost reaching my target area of 1015-30.

It depends how one counts wave 1. It either has a length of 60 (preferred) or 50 points. Wave 5 has already reached a length of 50 points so it could be finished. But the more likely target imo is 1025ish (60 handles for wave 5) and 1015 where wave (A) equals (C).