ES 2-16-10

My first gbx trade. Target hit - no fill. One more push down.

GM Pasha. Though we may differ in how the micro squiggles have formed, I too believe that the price action off the Jan highs is likely corrective (unfortunately). Nice double ZZ to 980ish perhaps? Not sure we get that low...I'll be watching the 1016ish area closely (360 degrees).

Well, they tried like hell to push to a new pivot high Friday and came up 2 ticks shy. This blows up the fib count and timing. Maybe they keep this going for a 55 count - who knows.

Gonna have huge RSI divergence.

Blue = RSI and price divergence
Purple = ES and NQ divergence