Friday, 4 December 2009

As usual – Larger degree trend first


Hi Everybody,

Today I want to look at the Russell Index (TF), as usual, let’s start with the 15min Chart.

As you can see, the Russell made a high, right at DP resistance (this actually the very high of the day for you !). The Russell then declined to reach the opposing DP late in the afternoon.

As such, the 15min trend was down for all of the day..............

Thanks, Steve