Thursday, October 27, 2011

This morning's S&P500 Chart (SPX)

UPDATE showing break over 1265 .. looks like 1270 is next... notice how the apex of the wedge reached a fairly tight point and the price broke out of the condensing channel..

1263.25 is the high so far.. 1260 now support.. 1255 is the lower line in the sand IMO. if this level breaks we could see some profit taking down to the 1245 level as we are up 1.88% on some bandaid of a 50% bullshit greek debt write down. More stupid bastards getting rewarded for crashing their Ferraris into wall.
1 min ES