as you can see from my previous post, I thought the move would
be to the upside based on the MACD recycling back to zero and it
bounced off the 50 SMA, next resistance is 1100.
Otherwise we are currently up near resistance and the market
hasn't don't too much this afternoon.
Currently I would watch the 60 period stochastics, notice
how it's been above 80% all day, I bet that needs to break back
below that, maybe it will do this in the late afternoon or tomorrow
morning
That fib. symmetry recently posted by Steve, 8 days down, 5 days
up, 8 down etc. still holds. Let's see if we get two more days up
now but that would be just too simple, wouldn't it?
5 min SPX
Posted by matt on 27th of May 2010 at 03:19 pm
as you can see from my previous post, I thought the move would be to the upside based on the MACD recycling back to zero and it bounced off the 50 SMA, next resistance is 1100.
http://breakpointtrades.com/jing/2010-05-27_1217.swf
Otherwise we are currently up near resistance and the market hasn't don't too much this afternoon.
Currently I would watch the 60 period stochastics, notice how it's been above 80% all day, I bet that needs to break back below that, maybe it will do this in the late afternoon or tomorrow morning
Fib symmetry
Posted by etcbari on 27th of May 2010 at 03:54 pm
That fib. symmetry recently posted by Steve, 8 days down, 5 days up, 8 down etc. still holds. Let's see if we get two more days up now but that would be just too simple, wouldn't it?
etcbari - good point, we'll
Posted by matt on 27th of May 2010 at 04:47 pm
etcbari - good point, we'll see!
The market is closed on Monday for holiday
matt what do you think
Posted by cwa82675 on 27th of May 2010 at 03:20 pm
matt what do you think the odds are the h&s plays out with a target of 1140?