September 21, 2010

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

9:52 - Index comparison chart daily. Where is your favorite? 

9:37 - SPX 1m with fibs and gaps.Possible crack. I'm really not sure where to place that lower wedge support and have not adjusted it on this chart. I'll liik at several options and come up with the best.

8:50 - 1m minis this morning and the upper wedge resistance line. 
30m minis this morning and the wedge. There is no question price is consolidating.


Minis daily - S Sto bear cross. MACD hist trying to fall and RSI has possibly topped. If it does not top here it still remains overbought. 2:15 today baby.

Say Happy birthday to Little Shanky I - he's 10 today. 
Minis 4hr chart - Overbought and divergences. This is a big time frame to be diverging. MACD is just in knots. Hard to imagine that.
 Minis 60m  - Can they whipsaw it this time as well?
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