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Let's see if we get there today

John F. Carter 2/3/2012

  

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The ES has consolidated on the hourly chart. It is staying between the reversion band lines. Both the B and C waves are up, the A wave looks to be crossing upward, and it is in a squeeze that is also looking bullish. John expects this market to go up tomorrow. He is looking for gold to roll over on the hourly chart. On the Crude chart, if the price goes to the mean of the reversion bands, it is a shorting opportunity. On Mastercard, John is in an options play and is looking for it to go up to $387, putting his options to about $20.