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Uptrend

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Uptrend
, 05-03-2012 at 09:23 AM (1909 Views)
Here is a chart of the emini SP 500 futures in the 5 minute timeframe for the last 9-10 days. The market must rise above the support line to continue. We see two possibilities at the moment; a bullish falling wedge or a downtrending channel.

Thinking of putting everything in the G-lines-jpg

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  1. Bronco07's Avatar
    Uptrend,
    With your expertise, do you consider this a Bullish falling wedge or a downward trend?........ thoughts ???? Cheers
  2. Uptrend's Avatar
    Quote Originally Posted by Bronco07
    Uptrend,
    With your expertise, do you consider this a Bullish falling wedge or a downward trend?........ thoughts ???? Cheers
    Sometimes it is hard to tell at first. After 9 AM on Thursday, May 3, it turned into a downtrend channel. But you can't trade that (after the IFT deadline).

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