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Close, but no cigar - SPX still can't break 2670/75


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#1 dTraderB

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Posted 12 April 2018 - 05:04 PM

SPX hourly below shows the 2670/75 resistance has not been  broken although there has been several attempts since MARCH 27.

It has to close above this or else it's back down again or thrashing around for a few more days. But, time is running out.... you get only so many chances.

 

SPX_APR_12.jpg



#2 dTraderB

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Posted 12 April 2018 - 05:19 PM

 DAILY SPX

 

watch 2675 

 

spxd_apr12.jpg



#3 dTraderB

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Posted 13 April 2018 - 08:54 AM

Come on, bulls and bears, break out of this annoying congestion zone, up or down.... BACK FRIDAY for whom the bells toll...



#4 Geomean

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Posted 13 April 2018 - 09:02 AM

All of the indices this am hit significant fib retrace ratios and turned down. Failures on price and volume?


Opportunity knocks on your door every day-answer it.

#5 q4wer

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Posted 13 April 2018 - 09:20 AM

The shape of today's movement will be like a V



#6 dTraderB

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Posted 13 April 2018 - 09:41 AM

small v or big V, upright or reversed ?

 

I think it will be more like an M

up first (had that already), then down (doing that now) then attempt to rally to highs and finally gives up the ghost into a very unpredictable weekend, with SPX closing nearer to 2600 than 2650

 

I could be wrong



#7 dTraderB

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Posted 13 April 2018 - 10:05 AM

SPX outside day in place, will it be an UP or DOWN one?



#8 q4wer

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Posted 13 April 2018 - 12:27 PM

hahaha, 

 

my English is not good, but if you think too much into it, you miss it :)

 

 

 

The shape of today's movement will be like a V



#9 dTraderB

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Posted 13 April 2018 - 01:50 PM

LOl

Just trying to make sure I got your point. 
Let's see how the last hour goes.