ES Journal Archive (2009 - 2010)

will the right shoulder be made on cash at 816 ?

 

Interesting range

 

faz

 

So far so good


http://finance.yahoo.com/q/bc?s=^GSPC&t=1d

 

804 or 824 first?

 

Same distance between November 4 high to January 6 high compared to November 21 low to today.

 

If we take out 812.50 hard again, should be off to new highs.

 

From the limited evidence so far it appears as
if Obama TV's appearances are bearish. i.e. markets
go down when he comes on, and then rises after, like now.
ES dropped 4 points during his appearnace and now is going up.

 

MACD kiss-up's suggest this is possible

 

Even with the shock, they failed to take it down to 04, so the last swing high zone around 24 is in play.

PP holds imply possibility of seeing R1 at 32.75