July 29, 2010

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

3:00 - SPX channeling up. Topped at 1106.36. Maybe that counts as 1107?

2:10 - Something I am working on. possible 805-815 target for 1. Nothing is in stone. Link to chart HERE. OBTW we're possibly headed south here again now. The 98 pink circle below looks to have got it on price but not time, sorry. Standard 38% retracememt.

12:41 - Possible ES target for corrective.

12:19 - yesterday morning I gave you this "nugget"  - 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."

Well, If I had been a little more serious I might have gotten the time better, Keep an eye on this area as stopping point #1.


11:33 - DOW and target/support lines.
AUD/JPY - Anything below 77.82 and it is gone.

11:20 - Not good (again) The blue dashed was the target line for the last wedge up. Price did not even blink going thru that.


Sorry I am late -

This is not good.
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