November 5, 2010

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

SPX 60m - Still hanging on to the possible HnS here that allows for a pullback to 70 and then one last ramp. Of course all calls are purely subject now till we know the real effects of the new breed of POMO. 

That made the minis happy - another 6 point pop in a single candle from 15.01 to 21.75. That was one 1m candle. Simply amazing.  

Employment data ans then the Fed basically speaks all day with culmination of Bernanke speaking at 2:00.

More after emplyment data.

Built a new chart last night. Other than BPNYA eerily similar to the one in April. the only problem is QEII. In April the Fed had begun removing liquidity and stopped QEI. that is a BIG difference.
blog comments powered by Disqus