Market Update - Jun 9th '09

Market is still very much hesitant. We've seen ES almost testing range lows as mentioned yesterday, but finally still hovering around that same key 937 level. A breakout is possible, which would postpone the otherwise necessary retracement. Again the daily chart is still very pushy, so shall we see the market jump to the next price segment ?

TF is again somewhat less bullish right now, but longer term traders can safely aim for a higher price target.

( posted 6:45 AM UK )