?? that's and odd question. Basically if the Dollar pulls
back, the market will bounce, it's that simple, as far as
resistance for the SPX, just look at the charts, Resistance band up
between 114 - 1121, and also watch the long period stochastics, the
60 length stochastics has crossed above 20%, the 89 is trying to,
and the 144 hasn't yet, also watch the 144 CCI see if it can cross
above -100. However the RSI broke the trendline I drew last
night. But otherwise major resistance is very clear on that
15 min chart
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US Dollar
Posted by matt on 4th of Oct 2011 at 11:44 am
Finally getting a nice pullback in the Dollar as divergence is playing out, this is a 60 min chart
does this mean the s&P will run higer than the 1100 point???
Posted by garyl on 4th of Oct 2011 at 12:02 pm
?? that's and odd question.
Posted by matt on 4th of Oct 2011 at 12:08 pm
?? that's and odd question. Basically if the Dollar pulls back, the market will bounce, it's that simple, as far as resistance for the SPX, just look at the charts, Resistance band up between 114 - 1121, and also watch the long period stochastics, the 60 length stochastics has crossed above 20%, the 89 is trying to, and the 144 hasn't yet, also watch the 144 CCI see if it can cross above -100. However the RSI broke the trendline I drew last night. But otherwise major resistance is very clear on that 15 min chart