Edited by dTraderB, 02 September 2010 - 07:30 PM.
STILL LONG - narrow-range consolidation day
Started by
dTraderB
, Sep 02 2010 07:24 PM
1 reply to this topic
#1
Posted 02 September 2010 - 07:24 PM
Most importantly, THREE SPX daily systems went LONG today :
MACD - barely so
Momentum crossover
Awesome oscillator
4-hour is also on a BUY
BUT...tomorrow is the all important JOBS report; an hourly close below SPX 1080 will negate the 4-hour long signal; 1074 is the most important support, it must hold for the rally to continue.
Just above the close is a critical ICHIMOKU top of resistance band at 1092.75, then minor resistance levels at 1109, 1115
and the big one at 1130.
And.... here I go again with oil & gas trades: NAT GAS LONG @ 3.71; CRUDE LONG @ 73.80
#2
Posted 02 September 2010 - 07:35 PM
Another opinion:
Markets Appear Ripe for a Sustainable Bullish Turn
http://seekingalpha....le-bullish-turn
Markets Appear Ripe for a Sustainable Bullish Turn
http://seekingalpha....le-bullish-turn










