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All Things Being Equal
September 26th, 2008 at 1:17pm · 1 Comment
All things being equal, this is not bearish trading action in the eMini today. The 60 minute chart with its indications of both tick and RSI divergences promotes a positive outlook. The top of the channel is at 1227 – I think we can achieve that on Monday. The 135 minute and daily charts are both a jumble, so I won’t confuse matters by posting them!
Tags: Day Trade · General Market Commentary · S&P 500
1 response so far ↓
1 rchaber // Sep 28, 2008 at 11:38 am
C’mon Chris, you’re not going to mention the importance of this week in your Spiral Calendar?
Last year’s top on 10/11 plus f12 is 9/29, this years top on 05/19 plus f8 is 10/01, 08/11 plus f4 is also 10/1 and finally, 09/02 plus f2 is 10/02. This week is the culmination of the this whole correction.
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