WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.

Dots

...If the dots don't connect, gather more dots until they do...

Beach

Beach

Events

UPCOMING (MAJOR) ECONOMIC EVENTS...
* Tues. July 25 ~ 2-day FOMC Meeting Begins
* Wed. July 26 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Aug. 4 @ 8:30 am ET ~ Employment Data
* Wed. Aug. 16 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Sept. 6 @ 2:00 pm ET ~ Beige Book Report
* Tues. Sept. 19 ~ 2-day FOMC Meeting Begins
* Wed. Sept. 20 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. Oct. 31 ~ 2-day FOMC Meeting Begins
* Wed. Nov. 1 @ 2:00 pm ET ~ FOMC Announcement
* Tues. Dec. 12 ~ 2-day FOMC Meeting Begins
* Wed. Dec. 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

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.