Wednesday, July 28, 2010

July 28 2010 ES Prep posted


Price is sideways 1116.50 - 1106.75 with an upward bias. Premise is for sideways contraction between this area until breakout. I have illustrated pattern inside structure that I will look for in order to catch a breakout out of this area. Going to play the oscillations until then and stay out of the mid range. Price is still overdue for a downward correction and short side will be prone to constant squeezes

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