Tuesday, October 06, 2009

To the tick

ES bounced precisely from defined levels just to the border of 1039-45 area ,once it took out the resistance level (blue tinted). Mc Os did cooperate with a bounce as well. We can expect some more penetration into 1049 level today but basically the strongest part of the bounce is already done. Only if 1045 is taken out with authority bulls can recover control.