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SPX - looks like it wants to go back up to 1540

Started by Russ , Jun 14 2007 01:55 PM

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4 replies to this topic

#1 Russ

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7,199 posts

Posted 14 June 2007 - 01:55 PM

Bears tell me why i'm wrong..
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=0&i=p12130730999&r=5775.png

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong

http://marketvisions.blogspot.com/

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#2 eminimee

I don't care who's fur is flying...

TT Member
14,307 posts

Posted 14 June 2007 - 02:04 PM

I'm not a bear but............Would have to get back above noted resistance........and the 34ema would have to cross back up over the 68 and 200........if that 34 kisses back and turns down....new lows. A cross back up and we are going higher than 1540.....1550 minimum.

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=5&dy=3&i=p94523716444&a=104586413&r=3707.png

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#3 Russ

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Traders-Talk User
7,199 posts

Posted 14 June 2007 - 06:13 PM

Teaparty...that looks like a good answer! One little breach of that resistance line though and its hasta la vista baby.

Edited by Russ, 14 June 2007 - 06:14 PM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong

http://marketvisions.blogspot.com/