Update of the ES 30 min and support still coming in at a high level for this move up and there's another higher triple bottom. The one on the DJIA daily got broken but has since well recovered and we're way North of it now. The higher double bottom on the SP500 daily has proved its worth and there was a prior higher triple bottom on this contract at 1136 and it initially got broken and we've since recovered and added plenty. Every time one of theese holds or is recovered, it confirms the uptrend, just the same as when a lower double top gets taken out, it confirms the uptrend. Speaking of lower double tops, there is one on this at 1214.5 and that's the immediate challenge here...
As I post, it is having another go at that 23.6% support.![]()
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jgunter's - going out on a limb - wednesday, page-68
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