Monday, July 9, 2012

Morning Charts 07/09/12 $SPX $ES

Let's make this simple -

Minis 5m - 1341 is all you need to know. On the ramp up I was willing to give 1341 as my first target and top of the consolidation range and 1374 as my second target and all I was willing to give this run. 1341 is now key support.

Minis 4hr - Blue wedge with 1341 as support here. More key levels below.

I updated the chartbook last night and mentioned on the OWP that the charts were really strange and not making sense. I'll get more into that below as the day goes or I will do another post.

GL and GB!

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