Friday, April 23, 2010

POP!




Well we cleared 1210.50 and touched 13.75.

Look at the 15,000 tick above. The last buy signal was a little tricky thanks to the attempted shake-out. So it was most critical to CROSS-CONFIRM with the other tick interval charts.

On the 20,000 tick above we get a perspective on the value of chop and squeeze the two previous days. The action provided us with a firm base of support to push off of.

The 480 minute (8 hours per candle) above gives us a perspective on the last three weeks.

And the 240 minute above gives us a perspective on where we found support to push through the high of 1210 today. Get this... The buy signal for today's break out happenned at yesterday's open!
Warning: Futures trading involves risk. You can lose all of your capital and more. Consult with your financial adviser to determine if futures trading is suitable for you.

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