YM - Neckline broken at 12665, Target 13294. Next resistance at the 61.8 @ 12787.
ES - Neckline sits at 1345. Measured move target for a confirmed formation lies at 1420.50. 61.8 Fib sits overhead at 1354.25.
Sunday, 17 June 2012
ES and YM
Daily charts show inverted Head and Shoulder patterns in both September Dow and S+P Futures. Dow Futures - YM currently leading the breakout topside. Anyone trading the Sep. Nasdaq should watch 2603 resistance zone.
YM - Neckline broken at 12665, Target 13294. Next resistance at the 61.8 @ 12787.
ES - Neckline sits at 1345. Measured move target for a confirmed formation lies at 1420.50. 61.8 Fib sits overhead at 1354.25.
YM - Neckline broken at 12665, Target 13294. Next resistance at the 61.8 @ 12787.
ES - Neckline sits at 1345. Measured move target for a confirmed formation lies at 1420.50. 61.8 Fib sits overhead at 1354.25.
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