mongombolo's - curious child thursday, page-75

On a daily timeframe the picture still looks rosey. ES daily from the May high and the moving averagres (red 10, green 20 and blue 50) and now aligned and rising and the daily bar for today, which is only 1 hr 20 mins old, may be supported by the 200 sma (crimson). Price is dealing with the 3rd descending trendline (only 2 more after that one). Can't seem to get much above the 200 sma but so far it hasn't been whacked by it as the previous visits. 2nd chart is a close up of the first..good luck.