Blue bars again!

9/10/2010

Today's chart looks very similar to yesterday's chart in the fact we had yellow bars starting a move down and the blue bars caught the low of the day.

The overall market brushed off a important sell zone today. We will have to wait for Monday but there is support here and we could see the TF making a move to the 660 level if we break the 641 level. We are in a wedge right here on the 60 minute chart so we would watch for a spike if Monday the price stays above the 626 level.

Happy Trading,

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