Hi All,
Futures might be up at the moment but it looks to me as though they met resistance off top of downtrend channel from high last Tues and are heading for the apex of the bottom of the uptrend channel from the low of last Friday week and the top of the downtrend channel from the high (at approx 950 - 50% point between 850 and 1100).
Chart here:http://futuresource.quote.com/charts/charts.jsp?s=SP%201%21&o=&a=V%3A60&z=610x300&d=medium&b=bar&st=BOLL%2820%2C2%29%3BMACD%2812%2C26%2C9%29%3BRSI%2814%29%3B
Ditto FTSE - eg base of 3800,bounce high of 4500 - 4150 high today, hit resistance at top of downtrend channel. Looks to be heading for 4100 at apex of up and downtrend channels either at close or at Dow open, before big break up or down.
My question is 1. will US go sideways into apex in a tight range for all tonight, then break hard up/down tomorrow night or 2. will it break hard up/down out of apex sometime tonight?
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Hi All,Futures might be up at the moment but it looks to me as...
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