Monday 10/11/10 wrap up

Pretty dull day in the ES except for some selling in the last hour.  The ES dropped about 6 points and bottomed around 2:30 (CST) and then promptly snapped back into the close to end pretty much unchanged.  That puts a Doji in on the daily chart but it was a holiday so the Doji may be meaningless.


Current preferred ES count-

Trend/Osc hourly and daily trends on the ES remain UP

The EUR broke it's uptrend line on the hourly chart and closed right at the uptrend line on the daily chart.  This is the 1st component of a sell signal on the hourly, the Dynamic Oscillator needs to break below 80 with prices remaining below the uptrend line for a completed sell signal on that time frame.  Same applies to the daily, so this market bears watching (no pun intended!).