Wednesday, October 26, 2011

ES, Euro, And Cable All The Usual Suspects

On the ES (S&P500 Futures) a 20 point overthrow on the 61 Fibo AND the Bernoulli 133 line.    No bets in place, until I saw the Cable Chart below.

Whats next?   Time to look at Euro and Cable and see if they hit their targets or whether the steep selloff was the move to shake out weak hands.    Cable has a nice B-Channel, and although the bounce off the B75 is not the strongest of channels, we will take the long for now.

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Insightful and Useful Comment!