Monday, November 8, 2010

11/8/10 - 12:23 PM Update

12:23 AM Update

BB- 60 Min
11:16 AM Update
3 Min

Black 2 could be done at the 38% retracement.
10:41 AM Update
3 min

Channel resistance held. Could get interesting .
9:46 AM Update
SPX - 3 MIN
9:13 AM Update
1 min
9:03 AM Update
3 Min
8:23 AM Update
3 min
6:35 AM Update
SPX - 15 min

Looking for (iv) to either stay above 1220 and trend sideways but if not the 23-38% fib retrace levels look good as possible targets.

Wave 4s retrace into the previous 4th of the prior wave. In this case wave 4 of (iii) at approx 1215. The hourly 20 SMA is there too.


/ES

So far looking like that little triangle is developing since last night.

EUR/USD

The EUR/USD appears to be working a possible combination corrective.
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