Edited by redfoliage2, 28 June 2012 - 11:26 AM.
SPX 1300
Started by
redfoliage2
, Jun 28 2012 11:23 AM
3 replies to this topic
#1
redfoliage2
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Posted 28 June 2012 - 11:23 AM
Remains to be tested. The timing is likely after the Euro summit (I bet the leaders are unable to agree with each other on a meanful plan to solve the crisis there).
Technically, the VST and ST signals both are Bearish.
#2
dasein
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Posted 28 June 2012 - 11:26 AM
Remains to be tested. It's likely after the Euro summit.
Technically, the VST and ST signals both are Bearish.
as I posted elsewhere - think we get the downdraft this PM - at least when Italy beats Germany tonight - although Andr will be cheering the Germans most likely and I will be amongst Germans rooting for Italia - half of Germany's team is foreign so who cares I guess....
best,
klh
klh
#3
selecto
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Posted 28 June 2012 - 12:29 PM
You can target 1300 off the 24 hour 30 minute chart H+S.
#4
ogm
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Posted 28 June 2012 - 12:34 PM
I think we are going to test well below that in the next day or 2.
Euro looks set up for a major nosedive. Should drag everything with it.
Short term trend rolled over, daily trend is still down untill we break 50 dma on close.
Summations look ready to roll over too.
European summit is a non-event. Patience is wearing thin. If euro cracks during/after the summit, market should take a dive too.
And if daily takes a dive, weekly is going to crack.
