Mar 172009
This weak rally continues up. We are headed into a congestion zone where we can meet quite a bit of resistance.
Mar 152009
Day trading S&P 500 emini futures. We are looking at supporting trend line and the the possibility of making new short term highs. Alot of resistance coming in around 775-80. If we make it that high.
On a weekly chart we can see how this quick rally with declining volume is setting up for a two to three week area of consolidation. If we continue with this low commitment movement we are an easy set up for a series of shorts. Looking for the quick rallies in this downtrending channel and a further continuation of the primary trend.
