tag:blogger.com,1999:blog-7085633745029925627.post6475773560761373385..comments2024-02-12T18:38:15.465-05:00Comments on Shanky's Technical Analysis and Market Commentary: Is The /ES Channel Toast?Shankyhttp://www.blogger.com/profile/07202827468828896685noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7085633745029925627.post-85960153924172502162009-07-15T06:22:56.227-04:002009-07-15T06:22:56.227-04:00SPX cash is still in the channel. Backtest of dai...SPX cash is still in the channel. Backtest of daily MAs, and tagging fib retraceements (38.6 on the INDU, should be expected. A throwover of the channel and even a close or two above it would not surprise me in this light volume environmenet and during OPEX. Downtrend is still intact until 932 is broken.<br /><br />The $COMP 200ma on the monthly is 1840. This should stunt any major rally attempts.Schweizerhttps://www.blogger.com/profile/01587683787195196616noreply@blogger.com