Homework for Monday 2009.01.26

25. January 2009
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ES - On Friday, we made a perfect 360° move upwards (to the tick), then pulled back to the 180° line (817.75 area).  Before continuing down, I am looking for a 90° pullback (826-827 area).  However, if the market acts especially weak, we may only get to 824 (see strong level below).  Initial target being the 800 area, then 795, then 767.50.

 

6E -  From the chart below, I am looking for a pullback to the 45° area (1.2968 - 1.2971), then a move down to 180° (1.2798 - 1.2801)

Homework

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