Thursday, January 12, 2012

1_12_12

Wedged between long bottom support trendline and 1300 resistance

Monday, January 9, 2012

1_9_12

Hourly Chart, price basing for a quick move to 1300. If it can break 1300 with some cushion, come back down for a retest, a move back up expect my bias to be long. But am expecting a bull trap.
Looks like a break either way is imminent. 1300 or 1230/1250

Thursday, January 5, 2012

1_5_12

    Channel holds as expected. Best guess, SPX to 1295-1310 before reversal.