Mid day update: Previous week low and a flatter down channel is now supporting Emini S&P. Break below that, we get 50% range expansion off previous week range down to mid 2060s.
Up channel is already broken with down trend on 30-minute now clearly established.
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skippy June 8, 2015 at 7:39 pm
Globex chart offers a slightly different picture, but the same basic story. Why do you prefer RTH?
Lawrence's Comment
Recap
Dropped below 15000 as expected. Flushed down to Y-3 and support was found. Bounced back up to week mid. Closed the week near midpoint and Y-2.
Outlook
Well structured selling. No ...
Globex chart offers a slightly different picture, but the same basic story. Why do you prefer RTH?
Tried to upload a screenshot of my version of the channel chart but I got an error message, fyi…
Is this your chart?