Monday, October 3, 2011

Mid Day S&P500 Equity Index Futures Update (SPY)

1115's are a solid PPT line in the sand... 1135 is the upside pivot as you can see the hypotenuse of the descending triangle almost converges with 1135.  1110 is the low i am watching for at least a test, though the 1115's must be taken out first with conviction. Volume fairly low today... SO far.

This is really a currency trade today with the DX nearing 2011 highs, wagging equities and commodities..

5 min ES