S.P. mini’s (ESU9)
We need to look at this major pattern in order to discern where we currently are and will be.
Clearly Compression is Pointing Up.
C/T (Compression Tank) from11/08
(Remember compression tanks are like diesel engines running on fumes alone, which in turn creates the compression, slowly filling the empty tank)
Up Price Target: 1262.25
Down Price Target: 481.50
This major pattern has created this minor pattern which is the following:
RCT (reverse compression tunnel) from 3/09
Equalizer: 864.75 (912.00 red line)
Down Price Target: 789.00 (864.75 red line)
Up Price Target 1040.75 (1017.00 red line)