Wednesday, November 27, 2013

Morning Charts 11/27/13 SPX /ES

Not much more to say than the wedge is ending. I'll put together a summary post for Monday that explains, once again, just how nasty this technical setup is.

Minis 4hr - I changed the channel again at the top. It is now much larger and red.

Minis 4hr - Pulled back - note the blue 50sma as support resistance on this chart. That support lies at 1794 here, so that's a big number I'll be watching for a momo change.

Enjoy the holiday.

GL and GB!

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