looks like a spike down thru the band into the SPX 650-80 zone could set up a nice bounce trade. My EW SPX 713 was taken out like a hot knife thru butter, the speed and power of this decline is awesome:
spx bands
SPX buy point
Started by
tommyt
, Mar 02 2009 02:54 PM
2 replies to this topic
#2
selecto
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Posted 02 March 2009 - 03:42 PM
Watch out the constriction on the 15 minute bands. If it resolves in here it resolves 4-down, 4-sure.
#3
selecto
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Posted 03 March 2009 - 09:45 AM
Chart has changed - I believe resolution will be upwards.
