actio-et-reactio
Balance is but a brief transition between extremes.
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Friday, January 14, 2005
Updating the ES daily
After a long trip hugging that bright green fork (was "white" in earlier charts), price didn't quite make it to the upper black median line and has since made a solid correction, breaking a minor trendline along the way. As long as that + divergence holds, there is a shot to (1) tag the little yellow trendline underside (2) creep along the main black bisect and (3) move back over the green bisect. There is a negative divergence on the monthly which bears watching, but the weekly isn't particulary weak. This chart is the ES (e-mini) without Globex.
Labels: chart-analysis
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
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