Yes, IT trend is still up...but barely. We ran right up to the 13dma and then the market halted in it's tracks. That's not a good sign when we have a big NEG D on a long term 60 min chart. This tells me that we have more downside to go and tomorrow will likely be it. I am not in the prediction business, but it looks like the perfect set up. This rally looks almost identical to last year, but it started a week earlier last year. I would not be surprised if this rally has topped and our Santa Claus rally will be nothing more than a consolidation period before the next leg down.
2185- 2200 look like two good area of support. Just a note of thanks. I came over here from Clearstation, which is OK, but a little to "chatty" sometimes. I like the posts that you, Nacona and MVPsystems put up. Cheers!
B