ES/SPX
On hourly Trend/Osc break below uptrend line dating from Oct 4 accompanied by oscillator below 80, so sell signal:
However, daily Trend/Osc still in up mode even though trading below it's uptrend line, oscillator has not broken below 80:
Eliott count shows possibilty of this being a 4th wave in rally that started in late August with a 5th wave ending rally yet to occur:
And finally Buy (green) line on Vindicator Buy/Sell at trend support level which has led to rallys multiple times since the end of August:
So a long ES trade here with a tight stop might pay off.
Wednesday, October 27, 2010
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