Tuesday, January 19, 2010

Quick update

I just wanted to send out a quick update to say the futures did test my key resistance area while the US markets were closed, and they have tested the low put in on Friday. Should we move below the low during the US session, then our wave 2 will already be in...

If we move up this morning, then I'm still looking for 1141/1142 to hold on the SPX (1137/1138 equivalent on the ES).
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