xjo weekend zoomba lounge, page-120

Seems there's a lot of head faking going on if this isn't going higher. Just how many magic tricks has he got in his bag? It is a very big bag.

Here's my first contribution for the weekend. It is the ES 15 minute and shows the last major thrust up from when the French dude made the announcement of a figure, "Dollars, not Euros", because it was for the World's markets.

Bullish aspects:

a. The consolidation since the high is been held above the 23.6% retracement level and thus keeps the very strong move up from the low on the chart intact.

b. There is was what seems like a small false break of the low that occured from the sell off very late in Thursday's trading. That low is the spike down after the high. Moves out of false breaks tend to be fast.

c. There is a bullish alignment of the 10 (red), 20 (green) and 50 (blue) bar moving averages. All rising.

d. There is an inverse head & shoulders pattern marked.

e. It only ever so slightly breached the level of the prior swing high.

What else....

There's not really any stand out bearish aspects on this chart for my mind.