10:39 - UNG Daily - see notes below to OB
10:05 - 4hr Minis chart - How could it not be a top? Simple, two words, POMO and QEII, but POMO ends today. Could it be so? If that lower green dashed diagonal support line is not the new lower wedge support (which I think it is) then bears will be happy. It it is, it surely sets up for a nice churn into the election and thru early earnings season.
A closer look - 60m
Pink Dashed - was bear market resistance from the top in '07 over the April top.
Blue dashed - is the Oct '09 S/R diagonal
Gray dashed is NT support line
Orange is 60m 200ema
Green dashed is the possible new wedge support if it was lowered and price is not backtesting the wedge support diagonal at this time.
Pink diagonal is the S/R for recent lows off of the 9/6 high down near 1128. This is the biggie to me.
10:00- SPX 1m - This is normal, right?
Very toppy to say the least. Welcome the last scheduled POMO day.Minis flat like last night only up 1.5 at midnight.
SPX Daily - Sorry to those measuring to 58. Remember I said 58 to 64?
