Weekly Outlook for Nov 23rd to 27th 2009
on Nov 22, 2009 in Uncategorized The weekend is always a good time to reflect and gauge how previous reports anticipated forthcoming market action. It’s not an exact science, and again, it is impossible to estimate whether this chart reading technique provides some insight 1,...

Market Update for November 20th 2009
on Nov 20, 2009 in Report Uncategorized ES broke out on the down side. It was a typical breakout situation but i admittedly advised to cover both sides on a OCA basis. ES wiped the MM level to fall to the Fib level visible on the daily chart. Here, again no surprise, and an easy trade over...

on Nov 19, 2009 in Uncategorized Here is an screenshot on the breakout short visible earlier this morning (post below) and caught on a 30min time frame or lower. Maybe time to lock in some profits soon (~10 ES points) … (btw, EURUSD hit target on 1.486 to bounce nicely) (down...

Market Update for November 18th 2009
on Nov 18, 2009 in Uncategorized The report yesterday indicated ES would try and aim higher, testing 1110 again, even if we are clearly in a ‘confusion area’ as this is also a reversal zone. The current Fib expansion pattern had a first target on 1111, i.e. in the same t...

Market Update for November 19th 2009
on Nov 18, 2009 in Uncategorized ES once again behaved as expected and stayed range bound between 1101 and 1110. In such a situation, a shorter time is aleays recommended to pick reversal points, the context being provided by the weekly chart. The residual bullishness there is still...

Market Update for November 17th 2009
on Nov 17, 2009 in Uncategorized So far, so good… ES climbed as expected to hit resistance level around 1110 where it started retracing. Erosion to ~1100 would be normal (Fib/MM), and although improbably to the next Fib levels. The daily chart still looks very bullish but may...

Weekly outlook for November 16th to 20th 2009
on Nov 16, 2009 in Uncategorized We’ve seen ES tickling with October highs to probably aim at channel highs, at the strong 1125 resistance. Nothing new here… Bullishness is still indicated there on both the 60mins and daily charts. Our target this week is probably more t...

Market Update for November 13th 2009
on Nov 12, 2009 in Uncategorized Confusion area, didn’t i say… A spike up early in the day followed by the same pace of selling like if nothing happened. Prices reached a Fib level where they could pause for a short while, or aim a little lower later on to stall (1082) o...

Market Update for November 12th 2009
on Nov 12, 2009 in Uncategorized I called it a “confusion area” yesterday with a breakout attempt which failed to reach the 1113 target. More of the same today with a possible further erosion to 1085 then 1079. Again, we have conflicting forces with some congestion in in...

Market Update for Nov 11th 2009
on Nov 11, 2009 in Uncategorized ES behaved as expected, and will now need a extra push to break out again and reach 1113 to 1125. It isn’t clear whether this will happen though. We are really entering a “confusion” area, but having said that, one should always ref...