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Thanks for all the work you do, Cobra. I'm guessing 112 holds here and we make a few attempts to move higher. Hard to say if a rally would succeed.
overnight high usually is the rebound target.
Cobra, and what is the overnight high. I don't know what to look at. Thanks.
the upper horizontal blue line of the chart in the opening statement.
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we keep attempting to break up through the bear flag on the /es and there is massive short covering when we get over the lower line of the flag.. but then we retrace right back to the bottom of it.. hmmmmmmm
Last edited by agnosia on Fri Sep 23, 2011 9:42 am, edited 1 time in total.
DAX at key point, I wouldn't be surprised if it rallied from here, there're chances a bottom of some kind is in. If DAX leads up, so will SPX follow. Let's see.
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DAX, typical intraday reversal, if successful, it might be bottomed.
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given the situation of the DAX, I'd be careful on the bear side for today. SPY now testing yesterday's high.
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ES Global testing resistances now. I think chances are good the overnight high will be revisited. Like DAX, the ES Global looks promising now, a possible Double Bottom could be in the forming, the key to watch is, again the overnight high.
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