SPX at critical level - 50/200 EMA
Started by
dTraderB
, Jul 15 2010 03:44 PM
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#1
dTraderB
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Posted 15 July 2010 - 03:44 PM
Just above 50 and 200 EMA (brown and green lines)
Squeezed between the 50/200 EMA and the ICHIMOKU resistance zone - thick band of resistance from 1100 to 1130; support @ 1071
MACD turned up, Awesome momentum oscillator positive and McOSC still up there but not overbought.
My FF - could pullback to 1070 but higher probability of testing SPX 1130 next week.
