I posted the below chart last weekend showing the Buy (green) line of the Buy/Sell Vindicator bouncing off the 1000 level repeatedly over recent weeks. Those situations have all been excellent long entry points.
The Buy line is currently below that 1000 level, so we may be near another good long entry point. However, it has penetrated that level and is currently pointing lower, so there is a danger that this time it's showing us a change in trend from bull to bear. Bottom line is if the ES works it's way down to the area of today's lows @ ES 1163 it might be worth a long entry but with a conservative stop.
10:00 AM
Sell signal on EUR hourly with close below uptrend line an hour ago and break below 80 on Dyn Osc at the turn of this hour. Daily EUR chart still showing in up mode, but we may be building a top with the action of this week. Hourly sell signal is canceled if the EUR trades above today's high of 1.4156.
