October 4, 2010

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

SPX 60m - see that  dashed support diagonal. When it goes so does the market.

Minis- 30m - You can see the skinny pink upper bear market TL off the tops in '07 and April is holding, and I believe she is clearly busted wedge support. Maintaining a grinding (rather painful to me), range from 32 to 49.

Minis daily - MACD about to go bear. Of course it can embed like all the other shorter time frames.


Minis wedging out of the gate -  60m is bottoming and 30m could be a buy as well. Very tough call this AM and I'll most likely wait till data at 10:00 to make nay trades.

Minis were as high as 44, fell 11 to 33 and now sit under resistance at 38.5 with 37 as support.

No sense in showing any charts. Jus tpick any wedge chart from last week.

Not data till 10:00 and a slight terror scare going one (no one could have seen that one coming from a mile away).

Off to do the big blog.
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