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In other corporate scandal news, the CEO of McDonald’s was apparently indulging in too much special sauce from a fellow employee, so he has been directed toward the Exit door. In spite of the overall market being at lifetime highs (a daily occurrence), McDonald’s is down about 15% from its price peak.
Thanks to some just-uncovered accounting shenanigans, Under Armour (symbol UA) is getting firebombed to lifetime lows this morning.
To keep this simple and brief, Monday’s (November 4) intraday Pivot Point targets for the S&P Emini Futures Index (ES) are (as shown on the following 60 min chart):
R3 = 3117.67
R2 = 3085.67
R1 = 3074.33
(more…)
