Today is series s3H and the SPILL PRESSURE is DOWN. Yesterday was a walk in the park from the get go until things became a little muddy @11:35 a.m. when 1688.25 was bested. HOWEVER, there never was any real coloring outside the lines and the issue as always is “how accurate was the assignment” for the last hour on Monday.Therefore, I am going with the girl that brought me to the dance.
TODAY you have a CHART and that chart is what the camps see from the pencil and eraser crowd.READ IT and if you can print it. On a more nano level the BULLS were able to get price through the WEEKLY PIVOT at 1689.5 but failed to take out the COMMITTED 1693 price-SEE DAILY FUTURES CLOSE and intra day pricing for SEPT 26.
If the BEARS can CONVERT the 1681.5 to RESISTANCE again then the chart will have a stranded 3 wave bearish rally in place from the 1667 SPOT LOW.If the BULLS can CONVERT the 1689 SPOT aka weekly pivot 1689.5 to SUPPORT then they have a shot at at their NEXT HURDLE 1697….the big hurdle of course is getting 1702.5 !!!!!!!!!!!!!! convert if they are headed to the 1742 cash given on the BEN day ..SPOTS TA ROUNDIES
FV -6.62 NUMBAHS S3H SLIGHT IFFY 10/02/ 2013 DEC. contract
S1 1679.5 ,1677.1
S2 1669.2 ,1667.7
MAX H 1712.3,1720.7
MAX L 1662.8,1655.3