Tuesday, October 20, 2009

This Looks Ominous

Somebody call Storm Chasers - We got a huge ass wall could building and it looks like it is dropping a few tunnels.

/ES Weekly - Yes, that is the whole fall and the e-minis are testing the bear market top trendline. Look at Volume, RSI and STO and MACD. WOW!



/ES Daily - drill down of the above. Bear cross in S Sto and RSI with nice divergence and headed south. Volume dwindling on this run up.



Put this with the VIX in the post below and you get a bad situation soon.