Sunday, 11/20/11 update

Daily charts for the ES of the three possibilities that are being followed. First two are the more likely alternates given seasonal tendencies. For more details on these alternates click HERE.

Fourth chart below is of the EURO/US$, which is pertinent given all the European troubles that have been affecting markets.




If the below count on the EURO/US$ is correct, we could see a multi month bull move in that currency pair. That would be bullish for the ES/SPX.