Friday, October 30, 2009

Quick short term update

If we bounce of ES 1049-1052 we should be seeing prices around 1069-1076 by Monday. If prices break the 1049 area the 1012-1018 ES prices will become very likely by Wednesday/Thursday next week.

Of course - this is if the market follows normal patterns - lol. As I had said yesterday my ability to read this market is pretty much zero - yes short term wise I can figure out where it will head - but anything out more then 2-3 days and it seems none of my strategies give me any significant edge.