...Sorry for the lack of attention here. I've been busy working on an automated program, my regular job, and helping to manage these 8 kids!
But, I've still been watching the charts, and here is what I have:
- Bears need a weekly reversal: soon! This comes in at a move to 1165.
- Volatility continues to bottom, which is bad for the bulls.
- A reversal of the USD in the face of QE2 would kill this market
- Key levels were breached overnight - I expect a retest of those levels today
- A test of those levels would breach my 1202 line in the sand showing this wave structure to be completed.
Take it easy and enjoy the weekend!
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