Emini update 12/10/2013

of course it would have to pick the 3rd or highest target, but the high yesterday did fit into the wave structure correctly and was 1.618179 of the B leg extension and 1.618*a so that level was KEY.  now, does it hold or not?  if it does then we have begun an earnest wave down.  I say earnest because of all the “other” charts that have been posted w/ regards to major patterns being completed across the board …

the key here is the USD index right now … as long as it keeps losing ground (I think it’s ending to the downside) then stocks will hold up, for a while.  wasn’t it interesting that both APPLE and GOOG got some love yesterday (were up pretty big) but “everyone else” wasn’t …?

here’s the post showing the targets on the emini BEFORE NFP and days before anything occurred:

http://bartscharts.com/2013/12/06/nfp-and-the-emini/

here’s the updated chart:

rock on, ok?

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART