The E Mini closed down on the day and in the after hours trading it is currently down another 1.75. The chart shows down one, but it keeps trading. The 15 min. chart is beginning to look like a W bottom if the current lows hold. That is a big if considering that no matter how good the earnings are price still can’t advance. At this time I believe that any rally should be short-lived . The first price objective for the move down is still 1051. There is currently slight upside pressure and there is divergence at the low. The indicator is trying to turn up. For price to go higher it will have to go through 1106 and then the first price objective would be 1137. There are still some large S&P 500 companies that will release earnings next week. If you are long keep your stops tight.
Posted by tun705 
Trading One 
You must be logged in to post a comment.