Friday, June 19, 2009

/es 875 first target on deck...

I had to re-adjust the channel line one more time and feel I have it right this time. The market looks to be led lower by the energy sector while at the same time seeing a nice bid on the long end of the bond market. This supports my deflation trade outlook for the time being. My first target for major resistance is 875ish which I believe will fail eventually...

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