Thursday, 23 August 2012

Emini S&P..Where from here? FOMC effect plus Corns topping out...dont get sucked in here

I am in two minds. Either we make a second lower high around here (1416) and fail to hit the CL of the various upsloping forks seen in the above charts or we go back to test the highs around 1424.50. ...

 Corn may well cycle down once more before breaking out (of this resisting/supporting band of ML/RLs) to higher ground

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