Monday, November 26, 2012


What a V-shape bounce we got last week.....up 65 points in 4 days!!!  I was looking for a buy signal on the MS2(1349) pivot and we got one. December ES is now at the 50% Fib from the HOY to the Nov lows. We've gone to far too soon and the moving averages below need to catch up. Look for some consolidation this week and possibly a pull back to 1390, before we go retest last springs high at 1422(Mpp) and the 50 dma. Buy the dips as long as 1390 holds.