Live Update

Thursday, November 26, 2009

11/26/2009 Quick Update

Well, since some people are asking. Let’s take a quick look at SPX e-minis: Looks like a Triple Top is in the forming, the text book target is around 1054. Now the neckline at 1083 holds well. If it’s broken tomorrow then the next important support to watch is 1068.

ES 12-09  11_26_2009 (60 Min)

Since tomorrow is very special – only half day trading so I’m not sure if indeed the above neckline broken means anything important. Just from the extremely bullish ISEE Index readings and Investor's Intelligence Sentiment Survey readings below, I’ll think twice buying this dips.

ISEEIndex IIBullRatio

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