Friday, November 15, 2013

North of 1800

I have not updated the blog for a while. I really don't have too much to say. The market is a simple long.


As long as VIX is tamed, it is safe to go long. After the break out of 1750, SPX retested the area multiple times. it is now a very good support. This is the base of the bull market.


Hourly ES is less strong. Indicators are all weakening. I see 2 supports on the chart, 1775-1777 area and the upper bound of the 1750-1770 support box. There may be chance to see a minor pull back but nothing to worry about. If you are not fully long, take that as chance to add more. :)


2 more charts on Gold.



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