Same deal, could be done. Looks almost done. But is surprising to the downside, blah, blah.
This is the more interesting chart. joske was pointing out the distinct wedge shaped pattern on the E-mini http://marketthoughtsandanalysis.blogspot.com/2010/01/interesting-overnight-moves-possible.html#comment-32057581. I think it counts very well as a leading diagonal (5-3-5-3-5).
This would be another indication that Wave 1 is almost done or done.
