July 28, 2010

Morning Post, SPX, S&P 500, E-mini

3:15 - Throw under or a crack?  Entering an area of some support.

2:00 - Trying it's hardest to fall. Look at the gaps down and then the recoveries. 

12:32 - Short candidate - PPL

12:15 - Toast anyone? AUD/JPY

12:09 - Copper -  Looks like it still has some upside left. There is that damn weekly bullish signal I keep seeing everywhere. It will have to get whipsawed. $3.55 upper TL is the max if it should get there.


11:50 - Consolidating with 1111 as resistance.  200 DMA is at 1114.That brow/tan line is key I think. It is a diagonal that divides S & R from 07/09 lows.

10:33 - Crude - get it - CRUDE! Yet another sign the recovery is just ramping to the moon.

AUD/JPY update: 77.17 is the 200ma.

9:57 - Minis holding their upper resistance so far. Indicators diverging. See that apex at 81/79 tomorrow just before the open? 200ma is at 86. Might be a magnet. Market is dead right now. Not sure what this confusion means. I'll assume since there is not leadership either way after the big bull run the bears might get control back. This is strange.

9:51 - Uh, did they close the market this morning? Yes, that would be a crack. target 1101 if it plays out.

From the big blog -

http://shankystechblog.blogspot.com/2010/07/morning-post-spx-s-500-e-mini_28.html

It is quiet now. Keep an eye on things.
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