10/17/2011
12:16EST
ESZ11:
clear confirmation of the bounce/reversal
it should reach 1216.25 (min.)
and in fact print a new high (1230.75) because this is a topping formation;
Topping formations behave as such (roller coaster ride for children)
As such 1245.50ish should be the final high before completing the top formation
In terms of time cycles we have another 124 hours until this top formation is complete.
We’ll see what happens at 1216.25
Crude:
We never reached the support pivot at 85.40
Therefore the move should be up to 89.31
We’ll see what happens at 88.08
But we developed a bottom pattern a 100 minutes ago
Pointing up
Up Target: 88.75
Down Target: 84.04
86.90 is the pivotal support
at 89.25 we enter the twilight zone (major resistance) major/minor
