There is a Gann turn date on Wednesday March 6th, so we must watch for this to see if there is any kind of reaction. If we continue with this up trend then more likely the turn date will be a top if it reacts.
Monday 4 March 2013
4 Mar 2013
The ES has breached up after hours, with the Stochastics also in overbought we could continue higher. But my expectations are for us to turn down but that might also be brief. It would be best to let the pattern clear up and to stick with our longer to medium term trend which is down.
There is a Gann turn date on Wednesday March 6th, so we must watch for this to see if there is any kind of reaction. If we continue with this up trend then more likely the turn date will be a top if it reacts.
There is a Gann turn date on Wednesday March 6th, so we must watch for this to see if there is any kind of reaction. If we continue with this up trend then more likely the turn date will be a top if it reacts.
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