Thursday, October 4, 2012
ES ~ Intraday ~ 4 October 2012
After the break of the triangle yesterday, the market is moving up nicely today:
Silver ~ Update ~4 October 2012
Silver has been trading sideways for the past three weeks. As long as 33ish holds, I think this will be only a short-term correction before the next move higher. If 35 is broken, silver should target the 37-38ish area.
Gold ~ Update ~ 4 October 2012
Gold is still bumping against the resistance at 1790-1800. As long as 1720-40 holds, I think this will be only a short-term top though. If 1800 is convincingly breached, the next target should be the all-time highs.
Wednesday, October 3, 2012
ES ~ Intraday 2 ~ 3 October 2012
The triangle was breached earlier today and is now being retested:
Let's see if we can close above the triangle line or drop back below it by the end of the day.
Let's see if we can close above the triangle line or drop back below it by the end of the day.
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