Friday, June 4, 2010

ES ~ Elliott Wave Count 3 June 2010

Today, it's all about how the market reacts on those numbers. Gap up as they are likely to beat the estimates? And then, gap and rally or gap and crap?

We'll know in a few hours time ; )

Levels to watch on the downside are 1091 and 1067 (must hold for the bulls).
A break of the 1106 area will likely lead to a rally to 1120ish or even higher to 1140ish.

And another fractal for you:

It's called the Gap and Crap fractal. Break below 1091 (f3) and we should see 1080ish.