December 21, 2010

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

My ToS data - nice - told you the markets were dead.  BB's are getting super narrow LOL.

Minis simply traveling up this 50% channel diagonal - for a long time. Not so sure they want to get away from it.



Minis up 5 heading into the biggest POMO day on record ($17b and add $11b tomorrow). Hope some of you got to see the lunar eclipse last night. No econ data today but tomorrow we get GDP and Thursday should be busy as well.

SPX 60m  from the 1040 lows with gaps and fibs. Looks to be wanting to roll over setting divergences after a record run in September and October.

I'll be in and out today. Hope everyone is enjoying the season. the fat man comes Friday night! GL!
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