SPX Brick Wall ~1250

Clean Cut Short

This chart is just looking ridiculously bearish.

ES Nov 28

The ES found support at the 61.8% Fibonacci level drawn from the low to high of October (green). The 50 daily ema (magenta) lies just above at around 1210 which, if reached, would also be a 50% retracement of the recent downtrend. This looks like a nice low-risk area to start looking for short candidates.

Next low risk shorting opportunity

Daaaaa Bears

It's do or die for the bulls

Triangle Pattern

Critical Support / Resistance ESZ1

A breakout either way would be extremely volatile

ESZ1 Will support hold?

ESZ1 Pre Nov 14 Analysis

For Monday Nov 14^th I have a bullish bias for the ES. On Nov 10^th the ES found support at the 50 daily ema. Buyers bid prices above the 5 daily ema overcoming the Nov 9^th selloff. Given the resilience of the bulls recently, I will be looking to get long on intraday pullbacks tomorrow. 1245 and 1290 and important levels of support and resistance respectively; I will not trade at these levels. I will also be watching Dec. Crude (CLZ1) closely tomorrow for a reaction at the significant trendline I posted about on Friday. Oil is a good indicator for the sentiment of the equity markets.

Dec Crude at significant trendline

ES Nov 8 Short

EUR/USD Nov 6 Analysis

Markets have been pretty choppy lately due to the Eurozone debt crisis. Any analysis should be taken with a grain of salt. With that being said, the euro/usd spot market is looking particularly bearish.

ES Nov 1 Long