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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...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* 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.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

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NOTABLE POSTS WITH IMPORTANT UPDATES...

Monday, October 01, 2012

Broadening Wedges on the ES and TF

Two sets of broadening wedges on the 30 min charts of the ES and TF, on increasing volumes, tell me that intraday volatility is increasing from mid-September.

It would appear that a break and hold above 1454 on ES and 847 on TF is required to, potentially, re-establish an uptrend and decrease the volatility. Otherwise, a resumption of the decline is likely with a break and hold below 1431 and 831, respectively.



A warning of further downside movement on the ES is this Daily volatility ratio chart of the SPX:VIX. Price closed below the lower uptrending channel on Monday; however, it is just above a longer-term uptrend line from early January, so a bit of caution on the short side is warranted. The Momentum indicator fell below zero to confirm weakness in the SPX.


Price still remains above the bottom of the lower uptrending channel on this Daily volatility ratio chart of the RUT:RVX; however, the Momentum indicator has fallen below zero, so it is one that bears a close watch.