Here is an hourly chart of the December S&P e-mini futures. I commented on this market yesterday afternoon.
We saw a weak open after early morning selling in response to earnings disappointments. Nonetheless, after breaking below yesterday's low the market stalled and closed the first hour above that low and in the upper half of the first hour's range. Since I am basically bullish I am willing to bet that the break below yesterday's low was a feint and that the market has begun a rally into the 1370-75 range.
2 comments:
could this sideways action in october be part of if not a comapact top formation which will give us a lindsey top to top count
going forward . if im not mistaken lindsey stated that all bull market tops were timed by atleast 1 top to top count .
Do you have any update on crude - it failed to hold the 58.80 box, it would appear.
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