3 replies to this topic

[mss]

Not going to try and predict where or when the market will change from Bear to Bull or the other way around depending on what you think at the moment. THE MARKET IS VERY WEAK. Will it bottom here or will it bounce around for several weeks? All depends on the data you look at and your trading time frame.

All that said, here are the most likely levels of support and resistance for SPX for this next week, Fridays close being the rotation point.

1409, 1391, 1376, 1340, -[1330.61]- 1325, 1285, 1277, 1246, 1216, 1180, Chart posted at top of board.

The following charts suggest various levels of weakness and indicate the decline will continue all though there will be good tradable bounces along the way.















Comments always welcome.
mss

[jack]

Thankyou Dark Feline! Much to ponder you have presented, yes, much to ponder. ************ I am a recent graduate of darkside for dumbies: (13week under 34week, price under 65week, 21wk rsi <50) time to learn this BOP

[mss]

Thankyou Dark Feline!
Much to ponder you have presented, yes, much to ponder.
************
I am a recent graduate of darkside for dumbies:
(13week under 34week, price under 65week, 21wk rsi <50)

time to learn this BOP

jack for a faster signal I also use 5 & 21, and 8 & 34 using MACD setting, 5,21,1 etc.

For BOP go here: http://www.traders-t...?...c=66244&hl=
also has several links for codes to other platforms.
Best to you,
mss

[jack]

Thanks I have been playing with the 5,21 8,34 etc since an earlier mention. I refer to 13 cross 34 due to rarity and previous significance. Search function hasn't worked for me last few trys so link to BOP info much appreciated and bookmarked