4 replies to this topic

[Rogerdodger]

Well she held where she had to.
Bearish sentiment eased a bit tonight.
I imagine it should get up to the June low, but not much more this week.
We do have the "6 days of strength" beginning at this morning's open.
I still look for a retest, so it probably won't happen.

Climatic volume, down to horizontal support.
Looks a lot like the last week of Feb. http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=3&mn=0&dy=0&i=p28233431990&a=31991787&r=8708.png

[vitaminm]

spx 5min sell .....S@ 1467 15-60 min buy ....R@1540 daily sell wkly sell...........S@1405

[arbman]

I think the market has the fuel it needs to go higher at the moment, it should rush toward the higher resistance areas first, I expect lower toward the end of the week as I said from the weekend and I also expect one more blast higher next week before testing the lows after the expirations. This was a big sell off and it should take time to form a strong base to move on, a quick rally toward the new highs will ultimately give back most of them...

[arbman]

Nice wash, this morning. I wonder that is it, or another downleg is in the making. A/D is up, so is the A/D volume, but the trin is pretty high. It looks like bottoming, probably more chop...

[vitaminm]

spx


5min sell .....S@ 1467


15-60 min buy ....R@1540
daily sell
wkly sell...........S@1405

spx

15min buy R@1475

60min sell
daily sell