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Thursday, January 5, 2012

Thursday, 1/5/12 update

Short term sell signal on the ES this morning, could be bogus as the pattern down since Tuesday's high looks more corrective than impulsive. ES 1260.50 is a key level, if prices push below that it puts an entirely different light on the picture.

1 comment:

  1. seems like we are stalled at the current levels, but it's very close to decision time.  Monday or Tuesday could be very telling.  Is the market consolidating for a push higher or is it stalling to lure in more bulls?  Thanks for your updates!

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