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Time Out
November 25th, 2008 at 11:14am · 1 Comment
The eMini futures are 30 points off their highs of this morning and the 60 minute chart has enough warning signs to suggest there will be more to this correction. Price has diverged from both the tick Cycle-Trap and the modified DMX and these signals have occured with price at the top of it’s Keltner channel. It’s time to be cautious. With the Thanksgiving holiday on Thursday, expect volume to pretty much dry up later this afternoon until next week.
Tags: General Market Commentary · S&P 500
1 response so far ↓
1 deacon31 // Nov 26, 2008 at 9:38 am
happy gobble gobble!!
pit contract spooz opens weds. right on 72sma-60min…
SPX did +14.5% from friday low to tues. high
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