A nice pop in the US T Bonds shows that the Bonds still have some life in them.
Heres a more detailed charts showing high time frame forks and reaction lines.
E mini S&P ( Dec 2012)
Here is the more complicated picture below showing RL's (red) and long term
historic ML's in black. ( short term ML's in green). Support on this big
black ML at 1427 but this looks like we will see all of the QE3 gains
evaporate over the coming days/weeks perhaps 1421 now beckons and even a
test on 1400. I wish it wasnt so after such a great recent leg up and
so many good opportunities. Now I am stumped( puzzled) by the charts and
can see only weakness. This wasnt helped by the expiration of Sep ES
last week for obvious reasons.Here is todays bounce off the .618 Fib RT
Below: The DX has found good support and made a HL
80.30 looks like resistance.
Below is EURUSD
here is the 5 min chart...see the effect of the upsloping RL at the blue ML?...2 touches perhaps mpore and perhaps the birth of a new pivot?
No comments:
Post a Comment