Monday, September 5, 2011

Make or break Day

Globex futures are down -28 SP's at the moment.

Major Make or Break (MOB) support is at the 78.6% retrace at 1144-45 SPX area, which is major Up channel support as well.

The market has reversed the last 3 times we touched the 78.6% retrace.

If we manage to close below the 78.6%, it would be an important Change in Trend to watch.

1 comment:

Raj Time and Cycles said...

I just noticed all the past weeks comments were going to Spam, my apologies for that!

I have posted them them now.