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SPX rearview

Think, that for many, this graph will be quite eloquent.


Technical look

 Here is a 2-hour ES chart with red trends,which are critical in this structure

Hopeful closure

Judging by the closure, bulls have an encouraging candlestick formation on the SPX spot( something like hammer), which can shift momentum to the end of the week. As I said earlier, the main resistance is in the area MA50 = 1115

Critical levels

Given the current situation, formed 2 critical levels, which should define further momentum.
1092 And 1082 по EN, close higher 1092 forms a swing buy signal and, accordingly, a close below 1082 brings us lower.

Commoditiz intradej

Everything is weak in the world of commodities. Oil , copper, gold graphics “damaged”.
Sugar in the process of shaping the top and also looks tired. You need to watch for a positional sell signal.

Unpleasant

An unpleasant breakdown of local bottoms for those, who was guided in a long by a rebound. Many feet are demolished, but today there are a lot of different news, as i said in the morning, therefore the most unexpected can be expected. One of the reasons for the breakdown is the ongoing meeting in Congress, where will ” interrogate” Geintner and expected, that he will be removed from office.

The pulse of the global economy

The pulse of the global economy can be well felt through the reporting of multinational Caterpillar (CAT). You probably know, what does the translation from English mean “гусеница”. So this caterpillar reported poorly today and the forecast for the year is also not sunny. Therefore, this caterpillar crawls for a long time until it turns into a butterfly..
This in turn led to “down draft” on the market.

Streaming Stock Quotes Are
CATERPILLAR INC( CAT :NYSE)

Real Time Stock Quote
|
Source: NYSE ARCA Real-time Stock Prices
Extended Hours 53.00
Last Trade -2.85 (-5.1%)
Pre-Market Change

939,190
Volume 09:21:25 AM EST
Pre-market
55.85
Close Price (—)
Change 0
Volume 01-26-2010
Market Close

Brief comment

If we bounce higher well at least higher in ES 1112, better higher 1117 at closing, that is the chance of a bounce on monday. and otherwise Oh oh oh

Something too fast to my goal 1100 on ES came, a little scary event. Or the rebound is prepared faster!?

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