SPDR S&P 500 (SPY): We hit the top rail (thanks swinger)......

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Re: Footquarters post# 92938

Friday, 01/01/2010 2:08:18 PM

Friday, January 01, 2010 2:08:18 PM

We hit the top rail (thanks swinger)...

on the ES in the off hours Monday/Tuesday at 1128.5. Channel doesn't show on the SPX. ES top rail connects 10-19, 11-13 and 12-29.

Thursday, we had an R3 on the SPX, so watch out Monday?

Don't want to call a top as I've done that twice now, but the stars are lined up. At least for the short term.

Thinned out my longs yesterday. Currently 85% cash with tight stops on the rest.

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