I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Wednesday, January 27, 2010

Two Definitive Channel Breaks on the E-Mini

As I was discussing earlier today (Domo Arigato, Mr. Divergence-o), I said that the odds favored Minor 1 being done and now we are in Minor 2, and (for myself *only*) I covered my swing trade shorts and went long.

The ES so far is confirming that assessment. We have two definitive channel breaks and a strong move up overnight so far

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