August 30, 2010

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

2:24 - minis 1m - I think the 200ma is influencing price. Ya think!



After being up 8 when I went to bed last night, the minis are now down 1. No biggie, they just reset the 30m indicators so they would be nice and strong coming out of the gate as price backtests the old upper resistance diagonal. this 69 to 72 lever is proving resistance now, 79, 84 and 97 would be the resistance levels I see. To the downside (I know, why mention it when Ben has promised to manipulate the markets to eternity?) 58 and 54 are there to start in case reality should set in.

Off to the big blog - Good luck this week!
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