Monday, October 04, 2010 11:36:29 PM
Quick ES update
ES came down and tested the new trend line for the 4th time today. In this chart, you can see that I copied that trend line and, lo and behold, it fits the tops of three candles perfectly. So we have a new channel to watch. The top of that channel tomorrow will be right about at 1158.00. Maybe the ISM data tomorrow will give us a pop to that level.
Here's the eco data for tomorrow:
ICSC-Goldman Store Sales
7:45 AM ET
Redbook
8:55 AM ET
ISM Non-Mfg Index
10:00 AM ET
ES came down and tested the new trend line for the 4th time today. In this chart, you can see that I copied that trend line and, lo and behold, it fits the tops of three candles perfectly. So we have a new channel to watch. The top of that channel tomorrow will be right about at 1158.00. Maybe the ISM data tomorrow will give us a pop to that level.
Here's the eco data for tomorrow:
ICSC-Goldman Store Sales
7:45 AM ET
Redbook
8:55 AM ET
ISM Non-Mfg Index
10:00 AM ET
(Formerly known as "Richagain") My posts are my opinion and are subject to change without notice. I accept no responsibility for anyone who chooses to take any action based upon anything I post.
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