Is 825 close enough to 820 or are we setting it up to go further down before going up for OE? 865 seems like a decent resistance on the 60min chart.
Had a look at Daily charts of HSI, NIKKEI, FTSE, DAX, SPX, INDU, NAS & whilst all are trading near the lows & we had that lovely jubbly bounce in the afternoon I see histogram declined on most of them all the way to the centreline. I sense a sell-off taking us right through current support zones to new lows. Weekly & Monthly are bearish across the board, now Daily chart's histogram is bound to send a message of unity - sell!!! (ImPO) I am Long Gold & Crude at the moment.
There are things that MM firms can do (like doing buy programs on last hour), and things they cannot control (like the outcome of big 3 bailout talk, fed minute release tomorrow). The latter one will be the key.
Hello, i noticed you did not update your thread of support/Resistance blog for the 18th. Please disregard if you are not the one that does that. Ii find it real helpful and was wondering what happened.