Weekly bottom was formed on 15-Oct-2014 which is one week earlier than our expected ES bottom on this week ended on 24-Oct-2014. The price closed well above the critical sentiment level of 1941.50 on Thursday 23rd and continued the move on Friday 24th towards critical resistance lines 1965/1966.
We are looking to buy the dips to 1940-1942 levels and if the price closes above them, there is highly potential for immediate trend continuation of weekly charts towards the projected market top on 7th-Nov-2014
Today Thursday October 13th, 2014, S&P500 has completed the forecasted move from 1940-41 to 1990 level achieving 45+ points in 3 days.
Will continue watch this instrument will keep sharing new setups.
AK_2014
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Update 27-10-2014: S&P500 seems today it has touched first critical resistance line of 1965-66 as expected and dropped to the critical buy zone above 1941.50-1942.
Will continue watch this instrument will keep sharing new setups.