Tuesday, August 10, 2010

8/10 9:00

SP futures low of 1112.75 is right on the diagonal and right on the 90-minute M/A.     Here is the SPX cash market diagonal:
A break of Friday's low 1107 will also be a break of the diagonal and a short signal.  I'm using the DJI 5-minute, 380-unit M/A -1.35% which is 10,485 and beneath Friday's low of 10,516.

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