If the lower channel line breaks
and a drop below 1118.07 happens, there 'could' be mad
rush to the exits. Conversely if the SP-500 can maintain the
channel and the 1118.07 level, then more upside should
follow. It’s at a tipping point right here.
Resistance on ES is 1121-1124 (add about 4.5/5 points for
SPX)
Posted by babyface0721 on 4th of Aug 2010 at 11:42 am
Presently showing ES support at the 1118 area. Concern
...... volume is very low! I am presently showing trend and
short term alignment in the 5 mnute aggregation.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SPX 10
Posted by steve on 4th of Aug 2010 at 11:13 am
If the lower channel line breaks and a drop below 1118.07 happens, there 'could' be mad rush to the exits. Conversely if the SP-500 can maintain the channel and the 1118.07 level, then more upside should follow. It’s at a tipping point right here.
Resistance on ES is 1121-1124 (add about 4.5/5 points for SPX)
http://stockcharts.com/h-sc/ui?s=$SPX&p=10&yr=0&mn=0&dy=7&id=p63309750371&a=159751894&listNum=61
http://stockcharts.com/c-sc/sc?s=$SPX&p=10&yr=0&mn=0&dy=7&i=p63309750371&a=159751894&r=957
Is that number still 1118.07?
Posted by chlo888 on 4th of Aug 2010 at 01:58 pm
Is that number still 1118.07? Or is it higher now that time has elapsed?
Thanks.
That remains an important pivot.
Posted by steve on 4th of Aug 2010 at 02:03 pm
That remains an important pivot.
Right I was just wondering
Posted by chlo888 on 4th of Aug 2010 at 02:20 pm
Right I was just wondering if the pivot # has moved up. The SPY has flagged fwiw..
ES support
Posted by babyface0721 on 4th of Aug 2010 at 11:42 am
Presently showing ES support at the 1118 area. Concern ...... volume is very low! I am presently showing trend and short term alignment in the 5 mnute aggregation.