Oscar is bullish today. Accuracy = 2/4.
US INDICES (ES, NQM2012) June 2012
Posted: 05/07/12 19:30 OST/EST
For Trade Date: 05/08/12
Once again we find ourselves at the mercy of another daily reversal formation. As of late, this market has a VERY DIFFICULT TIME stringing together three days of action in the same direction. A reversal formation popping up after the market spends two days in the downward direction makes sense. It appears once again we are continuing the pattern of not seeing 3 day segments in the same direction. We will trade the Swing-Day buy formation if it sets up. I will issue a Flash Update with directions and suggested stop levels as we approach the OMNI Entry Levels.