Sunday, July 11, 2010

Weekend charts and stuff

First up today, GLD, sporting an island reversal. Notice the island reversals.  If this one resolves upwards, it will target the gap which will also give us a pretty bullish intermediate bias.  No guarantees tho,especially with a failed pattern in the recent past :

















A look at the 60m /ES chart:
















The ES 4hr chart:








The dollar, looking poised for a launch:

















Daily SPX - kiss back to the broken expanding triangle and then dump?















SPX 60m chart, oscillators look pegged, clear view of target zone:















And finally, a great video from the Elliot Trader over at youtube.  I'd recommend subscribing to him via this link:

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