Revelation - regarding the SPX Futures chart below one could
argue as a bear flag or a "W" bottom so just have to see how it
resolves. The Primary Pivot for the futures is around 1226 area for
a guide.
As for me... cash is a position... I also have the choice if I
want to buy imported Greek Olive Oil, Feta cheese and
yoguart... There actions have consequences.
S&P Futures....what do you think?
Posted by revelation on 1st of Nov 2011 at 04:51 pm
Matt/Steve, does it look like the 60 min futures have a plan?
Revelation - regarding the SPX
Posted by steve on 1st of Nov 2011 at 05:56 pm
Revelation - regarding the SPX Futures chart below one could argue as a bear flag or a "W" bottom so just have to see how it resolves. The Primary Pivot for the futures is around 1226 area for a guide.
The SPX Futures pulled back
Posted by steve on 1st of Nov 2011 at 07:21 pm
The SPX Futures pulled back off the resistance pointed out below in conjunction with the Euro falling. Continue to monitor....
UPDATE at 9:09 ES has now bounced back up to test the Primary Pivot again at 1223.
looks like a bear flag formation
Posted by mrab on 1st of Nov 2011 at 05:28 pm
It all depends if the Greeks want to act rational?
Posted by zach06 on 1st of Nov 2011 at 05:22 pm
As for me... cash is a position... I also have the choice if I want to buy imported Greek Olive Oil, Feta cheese and yoguart... There actions have consequences.
Greek essentials
Posted by billnew52 on 1st of Nov 2011 at 05:46 pm
You might want to include some Ouzo - maybe 100 litres or so. It will be a pretty hot commodity in the coming days and weeks.