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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday, 8 September 2013

Sep Futs S&P





the bear setup here is a possible double top on the 50% retracement.For trend reversal we need break of the displaced ma and trendline. Friday was a high wave candle marking indecision


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2 comments:

  1. Trading Sunset8 September 2013 at 21:54

    Hmm..so..that time/frame would suggest a low end of this week?

    Best case I have right now is sp'1685/75...that looks viable..just about, if the market is spooked on Syria developments.

    Bears could do with a big Monday opening drop <1640..and battle close in the 1630s.

    *the good thing, no sig' QE until Thursday...so...three clear days for the bears to break the key 1627 floor.

    Have a good week CR !

    ReplyDelete
  2. Chartrambler8 September 2013 at 21:58

    No I prefer a low mid-late September

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