September 27, 2010

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

Further proof -See the red BB's - That is called the lips pattern and it is saying "kiss my ass!"

I told ya the VIX was worthless. That is amazing and amazingly not normal. 

Today's SPX channel. See the Island gap above near 47.Note the strange drop, pop, drop just after 1:00.


SPX 1m channel - 

Minis we're up 5 at one point. They are falling slowly at midnight.

Daily long term. Overbought and with some divergences.
60m - Backtest of the wedge completed and some serious resistance above especially that light gray diagonal which is the new bear market resistance line (which the DOW had busted) . Indicators here overbought.
AUD/JPY - Long tern, daily overbought and wedging.
Gold - draw your own conclusions from this chart. My target has been 1310 for a long time.
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