Charts ,in real time and EOD, using Elliot waves and Fibonacci.
Friday, March 23, 2012
$ES_F: 60 min chart w/fibonacci EMAs updated.
This chart is an update from yesterday post and we find that the EMA (233), orange, has been the support area for the last 24 hours. Now, next leg down?
Thursday, March 22, 2012
$ES_F: 60 min chart with a battery of fibonacci EMAs
We believe a lot about fibonacci participation in stock markets. In this case, we are drawing the fibonacci sequence as EMAs and find interesting clues. We are now at the 233 (EMA) support that has been an important support in the last 2 months.