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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

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NOTABLE POSTS WITH IMPORTANT UPDATES...

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.