Monday, November 8, 2010

11/8/10 - EOD Update

SPX - 30 MIN

Today's range should come as no surprise given that is what one should expect from a wave four.

I have it labeled as complete but the alternates are there in the event that this structure becomes more complex or possibly turns into another triangle.

A few things I'm focused on for the tomorrow:

1. A fairly bullish looking flag is forming.
2. The MACD Histograms are trending higher.
3. The 30 Min Bollinger Bands are very tight signifying a sharp move is in store. I'm favoring the move up but ya never no.

SPX - 30 MIN BBs
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