the more time the SPX grinds sideways/higher today allows that
broken trend line on the 60 min chart to move a bit higher....maybe
it wants to get tagged around 1324-1325 later today?
I liked the way the 1313 pivot acted as support just now. If it
can get to a higher high today we may see a batch of neg
divergences set up too!!
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spx15, a possible scenario...
Posted by kobie on 25th of Feb 2011 at 10:35 am
I think the best strategy would be if we can get a bounce to the 61.8% retracement area to short on a clear reversal down from there.
thanks Kobie, good chart
Posted by keithbob on 25th of Feb 2011 at 11:09 am
thanks Kobie, good chart
may be playing out to a T
Posted by perthx on 25th of Feb 2011 at 12:06 pm
the more time the SPX grinds sideways/higher today allows that broken trend line on the 60 min chart to move a bit higher....maybe it wants to get tagged around 1324-1325 later today?
I liked the way the 1313 pivot acted as support just now. If it can get to a higher high today we may see a batch of neg divergences set up too!!