Monday, September 28, 2009

Afternoon Delight - /ES Update

OK, at 61.8% retracement of the fall. I barked a lot about this area this am. Let's see if I was right. Touching the probable top channel trendline I drew this am for the zig-zag 4 of 2 down (which needs to morph into a triangle). Just under the P2 top trenline. 30 and 60m are overbought or getting there.

NOTE: The daily indicators on the SPX may be turning.


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