Monday, November 28, 2011

Mid Day S&P500 Futures Chart

1 min ES
As you can see 1196.25 was the high so far.. we are stuck in a 1195/1190 range as the dollar is keeping the kabash on equities and crude oil shooting up... DX trading over 79.30.. tug of war between euro and dollar is causing a war between bulls and bears in the index's and OIL is as volatile as ever..... this really is not a bull or bear issue with equities.. its a currency game.

98.5 was a big support level in CL which showed quite a bit of volume when it broke.. now is minor resistance .. along with 1194 ES.

Jack in the box.. market goes down but someone is always turning the crank....

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