fridays

Wow that was a wild night..on signing off yesterday I mentioned I thought the 3570 (IG) levels would be likely to capture the market over the next few sessions.
early PM i checked the os charts a it apperaed to me they could break down, so I stopped myself in on the first break of the Dax and was quickly stoped out for 40 ticks.
WE made it back to to 3570 early AM and closed 3556.
I keep bannging on about 3570's because it's the value price ie since late NOV whenever the market moves away from this value it returns ..below too cheep and above to expensive ..
I'm feeling is where going to get a big move from around here ..when.. well I think you clever Ta's will work that out better than i could ..but I think if it comes from 3570's it's going to be valid for a while I'm not convinced the down side has been shut of by last nights activity ...and I'm still bearish overall. I'm going to wait of the first hr's prices to try to get a handle on today.
good luck and good trading