Wednesday 6 November 2013

Possible Buying Climax seen on the ES

I have not updated my blog for sometime, so I thought I would do so now.

I opened my charts about 30 minutes ago and saw unusually large volume for the time of day on ES. This could be a possible Buying Climax and could mean we are in for a large correction before the next up move.

However, price needs to break below the demand zone of the large volume bar with force to confirm a Buying Climax.  Target around the 1660 level.

Here are some charts.





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