The March e-mini S&P futures daily bar chart shows that stiff technical resistance at the summertime high continues to turn back rallies. In fact, if there is more downside price action this week a bearish double-top reversal pattern would develop. The recent trading pattern in the e-mini S&P is that just when the bulls appear ready to take off again, they get knocked down. But just when the bears seem ready to wrest control of the market from the bulls, the bulls make a strong resurgence. By the way, I have some educational tools that can help you out. Click here to find out more about my unique educational products.–Jim
Also, check out my reviews of a couple of market analysis software programs that I think are useful for traders. They were developed by markets analysis software pioneer Lou Mendelsohn.
|Stay tuned! Jim Wyckoff firstname.lastname@example.org
(Analytical chart above is derived from FutureSource’s WorkStation)
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