Tuesday, December 7, 2010

Late Night S&P Futures Update (PALL)

ES_F 5 min
Fairly quiet tonight.. though we sold hard into the close then AH we pushed down through 1220 before we caught bids taking us up to 1225 line in the sand i have been talking about... Remember you gotta remember these levels and save lines on your charts.. get back to the basics.

Yesterday the volume was very very low, though we chopped around and closed a bit lower, it looks like tomorrow we are gonna have some shenanigans..

I believe this because the shit you drop on your toes and will hurt is moving tonight.. GC_F is up .4%, Palladium is up 1.17% , Silver is up 1.85%.. dollar
down .27% .. Clearly again money is moving around over night in the space which really moves equities.. METALS AND CURRENCY.... the AUD/JPY cross is up .48% gold up .54% .... equities now up.. the link up has begun... at 3 am....

Tomorrow watch the ES_F levels 1227 followed by 1240, if we push that 1250 gonna be a big ass line in the sand.. 1225 could be taken down tomorrow...

Silver futures 5 minute 
Downside levels watch 1220 and 1215... we ran like a monkey for bananas off 1205 Thursday last week so that level is clearly a line in the sand...