Thanks to Mike and ChartsEdge - here are today's maps from http://www.chartsedge.com/wp/
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ChartsEdge Daily Charts
Posted: December 15th, 2009 | Author: Mike Korell |
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Thanks Mike, once again! Folks - sorry for the late start this morning. (Yes, it was worth it to me - some pre-holiday merriment last night!!). A quick look this morning shows few if any surprises - dollar up against yen and euro, oil up, equities indices down. I'll be just as happy if we can get a trend day today in all of these. Kinda thought gold would also be up, with oil, but I remember Tony Caldaro talking about expecting gold to make a low mid-week so maybe that's the swing trade plan for gold.
I posted briefly on natural gas at my UBTNB3 blog last night - those updates also feed in at right. The underlying $NatGas may encounter MA or BB midline resistance, or just have the Fibonacci level about 7.2 if my memory is right (though I really need to reset those Fibs so won't go on that really, for now). If it gets going to the upside as I and many are hoping, it might still be "just a C wave" which we'll enjoy but be aware the pattern later on may get tricky.
For now, it's one day at a time into opex, remembering we may indeed be "pinned" at SPX 1100 and RUT 600 for the Friday opex, meaning treat it as a mean to which price is likely to revert by then. And this is day one of the 2-day FOMC! So be careful out there as always - and happy market navigating!
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