Monday, November 28, 2011

Flying Triangles - S&P500 Futures Chart

5 min
as you can see.. 3 days of selling has been retraced in the hours before cash even opened on the announcement there may be an announcement of another IMF plan to save club med.

anyway you can see how we ran into 1170 and broke higher.. rand into 1178 broke higher .. ran into 1190 and broke higher.. all ascending triangles.. Crude is selling off a bit and ES is now up 3.5% .. seems we are getting a bit ahead of ourselves... if the 1195 area fails we could trade sideways until we test 1200.. which was last seen monday of last week...there is a lot of air below this helicopter..