Tuesday, November 30, 2010

S&P E-mini for Tuesday Nov 30 2010

Below are some charts and comments.  Click on the chart to Enlarge.

Okay , I can see no reason we can’t get to 1177 on the ES (S&P futures) over this short period failure.  My bias to the short side has not changed since I shorted on Friday Nov 5th in anticipation of Monday the
8th beginning this down move.  We can just call it a lucky guess and leave it at that.  We are still in that longer term uptrend regardless so careful …. Use stops.  

                                                                   15 Min Chart

Hourly Chart

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