Monday, September 19, 2011

Outlook for Turnaround Tuesday, Sep 20/11

Capture some of my thoughts on S&P500 eMini futures for tomorrow's session Read Full Post..... Quantifiable Edges says that the week following OpEx in Sep is the weakest week of the year. I am also indirectly inferring from the Gap Guy that based on current patterns, tomorrow's session will have a downward bias, at least initially. FOMC rate announcement is not until Wednesday, so that leaves Tuesday as the perfect days for bears to be the aggressor. The current Asian session indicates that the day session battle between bears and bulls in the 1182-1195 range is still unresolved. I think that the range for ES for tomorrow (Tuesday's) day session will be 1195 - 1175 Bias is down.

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