chart update 17/10/2014

This is the template I posted yesterday:

es_composite_long_term_plain_old

Short term developing value moved from 1850 – 1874 (ONPOC).

es_composite_long_term_plain

DAX squeezed shorts and did not stick at the highs (like ES yesterday). It seems to have trapped some buyers there this morning.

It broke the 8715 level to the downside (at OPEX) – ES followed on all the up-ticks but did not on the down-ticks.

Watching to see if it can reclaim that area during the US session, else it leaves a nasty failed attempt to regain HVN, similar to the ES-post-FOMC pattern I have been talking about.

DAX_longterm

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