Tuesday, September 22, 2009

SPX Monthly line in the sand


Patience, patience…

SPX set new closing high today, therefore perfecting Weekly Sell Setup

Risk Level for Active TDSetup sell is around 1080.40 – has not been violated and lining up with “blue line in the sand” 1082 area on monthly chart.

EUR/USD hit upper channel and primer for immediate reversal


The only REAL Question I have at this point is:

“Will it be [1] just a steep correction to 900-950 area OR [2] beginning of multi months down move?”

I stick with #1 until proven wrong.