Chart update

9/14/2010

From the last email update we noted that if the TF took out the 640.00 high that the TF could see the 640 area. The TF did find support from the pattern and broke the 640.00 high and we made a high today of 653.

The last few days were choppy with the TF being in a 8-9 point range. The blue bars have done a good job of catching the highs and lows inside of the range.

Even if the TF pulls back some tomorrow we still could see the 660 level hit in the next few days. Note that because we came close to the target if the TF starts to fall with volume here the TF could see the 610.00 level. We will have to wait and see what the chart looks like tomorrow for that outlook.

Happy Trading,

www.eMiniSchool.com