Wednesday, December 28, 2011

Late Day S&P500 Futures Chart

5 min ES
The channel was broken to the downside @ 1257.75 which lead to a trade down to 1245. Not a huge move but the market has been up 5 sessions in a row basically for no reason but the opposite of down.

below 1244 sell stop surely lurk. DX is keeping the lid on things commodity speaking. Oil again failed over 101 and now is back under 100. Gold is not liking dollar strength. This information tells me the dollar long and squeeze is still in play. Trade what you see and be patient. Those who predict never really know.. unless your a weatherman. but they suck anyway.

Im just a poser though, i know nothing.

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