Intraday perspective for S&P E-mini futures using harmonic patterns.
A hold below here has the implication of testing the 1186.7 level, which is very important.
We think the S&P pulls back in 2014, but that could be weeks, if not months away.
Right now the S&P is still going up, but we do think that it may be nearing a threshold at the 1800 to 1850 level.
The boat got a little too full and now its needs to sell off a little and back and fill.
The Russell 2000 Index futures came within four points of reaching a target that has been five years in the making.
Looking at the markets in totality (breadth) there are some clever ways of listening and finding a voice in the cacophony.
When one grasps the "aha" moment of Harmonic patterns, there's no turning back. Let's look at some examples in the E-Minis.
This is how you properly manage YOUR trade, YOUR way.
Where's the entry? It depends on how aggressive you want to be.