Fwiw
My take on the sp is if it gets the 2220 it's going to at least 2400
Started by
gannman
, Sep 22 2016 08:17 AM
3 replies to this topic
#1
gannman
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Posted 22 September 2016 - 08:17 AM
feeling mellow with the yellow metal
#2
jmicou
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Posted 22 September 2016 - 10:21 AM
NDX above 4800 is bullish; however, SOX 820 to 870 could lead to a cap (818.39 intraday high as of this post). As for the SPX, if B/O, then the 2350/60 area could pose as resistance. Close enough per your post.
#3
gannman
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Posted 22 September 2016 - 02:38 PM
i have fib resistanc at 2187 = feb 11 low of 1810 plus 377. if it breaks above 2220 then the next resistance is 2187 plus 233 = 2420 that is how i came up with my numbers. thanks for you thoughts
feeling mellow with the yellow metal
#4
gannman
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Posted 22 September 2016 - 02:46 PM
i also want to add that if we dont break thru that resistance i think this market is in big trouble. we will see how it plays out
feeling mellow with the yellow metal
