Thursday, November 3, 2011

late start? No an early one!

Was up nice and early to get my wife's car fixed and inspected. Done!

Well worth missing this textbook fade right?

Anyway, I wont complain too much, and instead, look at the market.

Early push down found Fibonacci support, and we are now moving up towards short term resistance at 1246.50 basis the S&P Futures. Already stalling out, so not quite sure we make it that far

Breadth is nothing special at +800s, but certainly not bearish here and now.

We could see us die down ahead of the Job Numbers due out tomorrow morning, but for now we have a nice travel range.


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