091412

QE to Infinity is not really good news but it means more money chasing the same amount of stocks. Laws of supply and demand. Current price for December contract is 1458 marked in black line. Hovering around a previous high. If upside continues then Areas of Interest: 1478.25 HVN, TPOC, 1485, 1492 Gap Prior VPOC.…

Notes 09/10/12

The above average volume up day on Monday last was soon forgotten with the ECB and NFP coming up. In hindsight it showed great strength and the VAL floor of 98 was defended all week. On Thurs the pre-market pop above 12/14 was significant and kept me watching the long side for 22 again (I…