Tuesday, January 17, 2012

Post Head & Shoulders Breakdown S&P500 update

By Sell Puts 1/17/2012 02:54:00 PM

So here is the deal....CL will not stop melting higher, from 99.50 on the dot to 100.83.......
The ES 5 off lows.. traded on a reach up to 1290........
The 1280 - 1295 channel back in play. no new ground gained or lost today/this year

1 min ES..
The H&S breakdown i posted earlier resulted in a 10 handle downside move below 1290.. the 1290 level magnetic. apparently.

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