Read without ads and support Scribd by becoming a Scribd Premium Reader.
See Premium Plans
 
 
Futures keep climbing higher. There is some classic chart resistance at 1125 and the 61.8% of -w- = -y- lies at 1129. So, theS&P futures are facing a decent zone of selling pressure just ahead. The move up from 1084.5 is somewhat indecipherableright now. It doesn’t fit the picture of an impulse, which would make sense, because in this position it should be a correctivepattern. Can’t wait to see how it turns out….
Andy’s Technical Commentary__________________________________________________________________________________________________ 
( Z )“c”
-w-
(e)
-y- of 
a-x-
(a)(b)
-w-
(c)
[5]
1113
(a)(b)(c)(d)
1084.5
(c)
-x-
-y-
1129[1][2][3][4]
S&P 500 mini Futures (180 min.)
(a)(b)
1125 
 
 
Copper - 60 Minute
Andy’s Technical Commentary__________________________________________________________________________________________________ 
Yesterday’s market action was a bit of a disappointment for both bears and bulls.The bulls had to have that sinking feeling facing a shooting star top on the dailycandles AFTER a major supply disruption. Bears are disappointed with the“corrective’ move lower that merely “filled the gap.” The market ended up holdingthe important support point that we identified yesterday at $3.28.
GAPS Get Filled 
It looks like we get another push higher 
 
 
Sugar #11 (Weekly)
Andy’s Technical Commentary__________________________________________________________________________________________________ 
- A -- B -
( I )( II )( III )( IV )
- C -
( V )It’s been a pretty ugly set of weekly candlesticks for the Sugar market.However, at this point, it will be running into a thick level of chart supportbetween 20 and 22. Some sort of bounce to form a right shoulder would notsurprise here.( A )?( B )?
Search
Search History:
Searching...
Result 00 of 00
00 results for result for
  • p.
    • Notes
    Load more