Tuesday, July 13, 2010

Short term high today?

Markets rallied right into my Daily and hourly CIT at 10-35- 11.40 am at the 11.40 High of the day at 1097.07 SPX, right at double TL resistance and right at Maximum Open Interest at 1100 SPX, but is barely retreating so far. 

Bullish momentum remains strong. Let's see what happens in the last hour.

1 comment:

Anonymous said...

the events like the flash crash really bug me. "if" it did not happen the lower trendline in ur channel would adjust upward. do u think they intentionaly whip the market like that to mess with TA???

do u remember during the flash crash hank paulson was on capital hill testifying ???? events related ???

great work...thanks for posting