Tuesday, November 1, 2011

This morning's S&P500 Chart (SPX)

5 min ES
Remember the large volume on the close of the cash yesterday? well that foreshadowed today's price action... volume still does PRECEDE price. 1208.5 is the low, look for some choppyness as the market finds its footing as the dollar relaxed off highs of 77.84. The correlations are still in tact as you can see, when the market becomes rational our old friends come back...

Newer Post Older Post Home