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Monday, April 26, 2010


Market Recap:

Today's Black Candle Stick formed a Bearish Harami Pattern. Confirmation from a close below today's close is required. It's been about three weeks since the candle sticks turned Bullish and while we have have many Bearish reversal patterns there have been none that were confirmed.

DDF was Neutral today, and for most of the day Price did stay within the DDF limits.

The Oracle of Pistis spoke earlier today, and the market continued to loose ground. I have made an adjustment to the downward fork that I'm hoping will lead the market down at least to the lower tine of the larger Yellow Upward fork.

Earlier today I pointed out the strong support near 1209 /ES and the market respected that level by bouncing of 1207 before heading lower in the after market hours.
Below is an Hourly chart of the SPX

12:10 EST
The Oracle of Pistis is speaking

10:35 EST

DDF has a Neutral bias today.
Breaking support at 1209 indicated by the Andrews Pitchforks and Pivots would be quite bearish. Otherwise the trend remains up.

Below is my indicator called Oracle of Pistis. Basically the red and green show the overall consensus of almost every indicator I like to use.

Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.

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