Charts I’m Watching: June 21, 2012

Just have a few minutes between meetings.  The decision to short at 1363 is finally paying off nicely (it feels longer than two sessions ago.)  Remember, we’re searching for a Point C in a counter-trend retracement, so the range could be anywhere from .236 – .886 of the previous move, so this could land anywhere between 1341 and 1277.

We’ll look at the charts and try and narrow it down a little.



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