The line in the sand for me however is 1110. That is the 78.6% retracement. If that is broken, it is a good chance that this count is wrong.
I will try to have more over the weekend.
Charts of the Day!
These charts are updated daily!
SPX, USD, Gold, VIX, XLF and Apple.
SPX, USD, Gold, VIX, XLF and Apple.
Friday, September 3, 2010
Market Update - 9/3/2010
We have seen a lot of strength to the upside this week. Yesterday I said to watch for the 1100-1105 area. We close right in it. It is a tough call right now. But the way it is going up, we could get a slight break.
The line in the sand for me however is 1110. That is the 78.6% retracement. If that is broken, it is a good chance that this count is wrong.
There is not much room to the upside for this count. But volume has been dead lately, and markets tend to go up before holiday weekends. We'll see how the futures react over Labor Day.
I will try to have more over the weekend.
The line in the sand for me however is 1110. That is the 78.6% retracement. If that is broken, it is a good chance that this count is wrong.
I will try to have more over the weekend.
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