Friday 8 February 2013

Emini S&P... now that's over we can go higher

This is the situation at 9am London time. Take a look at yesterdays chart.
1. The CL location was 'kissed' very lightly at 1494.50
2. In low time frames its actually untouched but in 60 min and 240 min its a touch. see below.
Conclusion. Although we have a few skinny ( gaps) areas to be refilled I suggest we will  break out upwards (hopefully this afternoon- a Friday) into a new range 1511-1525. Failure to do so means a return to 1480

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