Monday, November 09, 2009

ST target

Well, seems ES target for today was almost hit. Despite the pullback to 1066 area didn't come in first place, market demonstrated that bulls can retake control in a dime. All mkt internals, VIX and USD moves we were watching last week did line up today to support bullish case in full force.

Next steps:
I like DJIndu setup to describe next potential target. Here it goes a self explanatory chart