Welcome and thank you for visiting!

The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

*** N.B. to my readers: Although I stopped trading in July 2013, I still take a peek at the markets now and then and post the occasional article here on my Blog.

Paris

Paris

Important Updates on World Market Index

*** N.B. Important updates (the latest one is May 22nd) on World Market Index found at this link...

EVENTS

UPCOMING ECONOMIC EVENTS...
* Mon. May 25 ~ U.S. Holiday: Memorial Day...markets closed
* Fri. May 29 @ 8:30 am ET ~ GDP + last trading day of the month
* Wed. June 3 @ 2:00 pm ET ~ Beige Book
* Tues. June 16 ~ 2-Day FOMC Meeting begins
* Wed. June 17 @ 2:00 pm ET ~ FOMC Meeting Announcement + 2:30 pm ~ Fed Chair Press Conference + FOMC Forecasts

Tuesday, November 15, 2011

Will the TF see 900.00?

What a trendless mess...price on the TF is precisely here (see 4-hour chart below)...where to next? I don't know, except I'd say that 737.00 and 746.50 are important levels in the short-term...if price can make it above 746.50 and remain above, we could see price test 781.00ish or higher. If price falls and remains below 737.00, we could see a return to 691.00ish, or so.

It appears to be forming a large upward-sloping IH&S pattern...if it is, and if it plays out, the potential target is around 900.00ish...160.00 points above its current level.