Tuesday, January 19, 2010
Our first scenario/level worked out perfectly overnight! (Bottom chart)We had our sell off back into strong support. I am out of my short trade, key levels to be watched now is the next measured move short level at 1132 and high volume area 1135 for potential short entries. Be careful though!
(Top Chart) As the ES showed weakness and made a new lower low, the rest of the 3 indices have not made lower lows and are now in good long setups, so be nimble and don't get carried away on the short side, yet!