Emini S&P Channel Play Continues Jun 9, 2015

By Lawrence

End of day update: The flatten channel that the bulls hoping to hold up has failed them.

The original down channel continues to guide Emini S&P lower to the channel bottom earlier today where the bounce occurred. By tomorrow, if Emini S&P still not able to close above the channel mid, it is likely we will get another drop lower to the mid 2060s as predicted before.

To learn more about various chart patterns, check out Art of Chart Reading.

To learn about price projections that really works, check out my ebook Special Theory of Price Discovery.

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