Thursday, January 5, 2012

Any day now

S&P Mini
Light volume is explainable during holidays. Everyone is back at their trading desk, but the volume is lackluster.

S&P Cash Index

Topping Patterns
A break of the yellow trendline will confirm the reversal.

S&P hourly chart

S&P 30 min. chart
This could allow for prices to push higher during tomorrow's session. A break back below the upper trendline would favor more of a bearish stance. 

The U.S. Dollar
The base of the pattern equals the height of the move. The next target is 83.50

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