Tuesday, November 16, 2010

S&P Flash Alert

Price is testing the lower boundary of the corrective price channel. A significant break would imply 3rd wave development and that a larger correction would be developing. Also note the MOAD line is testing the 30-ma. A break would also imply a significant trend change. See how last nights comments provided an insight to today's price action at http://elliottwavelive.blogspot.com/2010/11/s-futures-daily-wrap-up-for-november-15.html



Best of Trading

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