Monday, November 23, 2009

E-minis Now

E-mini 60m - BIG spike thru the gray upper bear market trendline headed towards former gap resistance (pink) and then the upper P2 wedge line (blue). Indicators overbought here.

The dailys are whipsawing with RSI holding the 50 line. Friday RSI destroyed its set divergence, so back to the drawing board on that set up.

I'm searching for some better charts to show the spot we are in. the 60m SPX chart in the morning post might be the best one. Then the DXY chart gunning for support.