Posted by windyjazz on 23rd of Sep 2011 at 11:26 am
I know most here at BPT are looking for a place to reshort. I
have taken a 5 day snap of the SPX 60 an d a retest of the broken
trendline seems very logical tho it may be alot to ask of this
market but we are getting close.
Posted by windyjazz on 23rd of Sep 2011 at 11:46 am
Vida I think it is lower than 1154 more like 1146/7 if it makes
a run for it in the next hour or two. Right now having a
problem taking out yesterdays high around 1142.5
$SPX 60 min
Posted by windyjazz on 23rd of Sep 2011 at 11:26 am
I know most here at BPT are looking for a place to reshort. I have taken a 5 day snap of the SPX 60 an d a retest of the broken trendline seems very logical tho it may be alot to ask of this market but we are getting close.
That looks to line up
Posted by Vida on 23rd of Sep 2011 at 11:36 am
That looks to line up with the 38.2% Fib retracement at 1154. Otherwise, gap close and 50% Fib retracement 1166-1167 area.
$SPX 60 min
Posted by windyjazz on 23rd of Sep 2011 at 11:46 am
Vida I think it is lower than 1154 more like 1146/7 if it makes a run for it in the next hour or two. Right now having a problem taking out yesterdays high around 1142.5
Fib retracement measured from 1220
Posted by Vida on 23rd of Sep 2011 at 12:45 pm
Fib retracement measured from 1220 to lows. ES wedge noted, maybe ABC counter move, now in B? Guess we'll see soon.
Rising wedge showing on the
Posted by steve on 23rd of Sep 2011 at 11:37 am
Rising wedge showing on the ES 15 minute chart