Monday, July 12, 2010


Here are the two channels I'm still watching. This one here just close under the 25% channel.

Based on this channel, the market closed over the 25% channel.

Here's a look at the SPX Mini contracts. Looking like a pretty clean impulse off the bottom and a reaction to Alcoa's earnings.

And here is an update to the 15 min chart I posted earlier. Because the minis show a clean impulse up, I'm going to show a truncated 5th on the cash and count from there.

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