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[hiker]

144.90 was sold in the premkt spx cash 200ema/sma and near-term R is 1449/1450 posted this weekend the neutrality numbers to bring the weakening pattern to neutral. looks like sellers may attempt to continue to control the early action today buying major horizontal support at 1432 cash Friday is the "buy support/sell resistance trading method"...will it work this time again? major S/R from long term daily, and have not changed for mos. 1476 1447 1432 1404 1370 also converges with a 20+ year log chart price channel gentle reminder: some of those here that posted lower low predictions right at the bottom of the March selloff are doing the same now, with similar enthusiasm for their idea....they may be proven correct this time over time, but they may also be incorrect...do they have a trade bias that is the motive for the enthusiasm?

Edited by hiker, 06 August 2007 - 08:22 AM.