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Monday, June 4, 2012

$ES_F: EW count and forecast. Bullish setup of last push up theory(before the big and real downfall)

Daily chart

60 min chart

15 min chart

We are calling, since last months of 2011, for a BIG downfall to 600 level or less as the end of cycle wave 2. Also, we have been calling for a last push,up, as a minor wave 5 to complete intermediate wave c of primary wave B of cycle wave 2. We are near of the test of this last bullish setup call at 1,263.45 because, IF this level is broken, then the odds will favor the downside. We will watch carefully.

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