I admire your systematic approach.FetteredChinos said:sure is... lets rock
how about a bit of down then up for tuesday?
then some up then down for wednesday?
then a bit more down on thursday?
crucial levels are 10850 to the upside, and 10,680 to the downside. these S&R should contain most of the action this week.
FetteredChinos said:you can cut the tension with a cricket stump...
But sooner or later, something will go against the plan
justyn said:It looks very much like the pullback is a bear flag which would suggest we're headed for 560 ish?
The longer term chart looks to me like a head and shoulders with a double head at 850.
And just to be even more bearish ... the daily chart also looks like we have a double top and 350 will be the decision point.