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eMini Update -7 Aug.
August 7th, 2008 at 1:37pm · No Comments
The 60 and 135 minute charts seem to indicate a market tired of rallying that is slowly rolling over. The Tick Cycle-Traps are headed lower in both time frames while the modified DMX is headed higher in both time frames. This type of action may be just a rest before more rally, or may signal the end of this week’s move up from 1247. A close today below 1275.25 would be a net-line sell on the 135 minute chart and that could help push the weight of the evidence to the bearish side of the scale.
Tags: S&P 500
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