click chart to enlarge
Support
January 8th, 2009 at 12:58pm · 1 Comment
The eMini is finding a small amount of support just beneath the lower channel on the 60 minute chart. Both the modified DMX and Tick Cycle-Trap are diverging here. To me, the suggestion is a small rally and a pause in the decline. I don’t think much comes of this on the upside – but let’s watch what develops.
Tags: Day Trade · General Market Commentary · S&P 500
1 response so far ↓
1 deacon31 // Jan 9, 2009 at 11:20 am
seems to be playing out according to hoyle, with weakness the last 1/2 of pre option expiration week into the full moon weekend…if the wacky world does not worsen by monday open the usual op-ex week blastoff seems to be set up… march crude oil is up at 44.70 right now(+5 above feb), and gold doing a good job respecting it’s yearly chart by staying above 2007 close of 838
You must log in to post a comment.