lost the trendline earlier and is below the pivot, maybe some
nervousness before the long weekend.
and of course the indexes have been struggling at their 9 day
EMA's, this is resistance in the short term and has capped the
market bounce all week long
yawn...
Posted by matt on 25th of May 2012 at 01:59 pm
$SPX - Chart Link - yawn..... nice to see that a lot of you are gone today, been a boring sideways day.
lost the trendline earlier and
Posted by matt on 25th of May 2012 at 03:21 pm
lost the trendline earlier and is below the pivot, maybe some nervousness before the long weekend.
and of course the indexes have been struggling at their 9 day EMA's, this is resistance in the short term and has capped the market bounce all week long
looks like a retest of 1300 area...
Posted by morton13 on 25th of May 2012 at 03:23 pm
S&P 500 60 min
Maybe so, and in that
Posted by frtaylor on 25th of May 2012 at 03:25 pm
Maybe so, and in that case Steve's second scenarios looks likely - ABCDE and then down we go for a lower low on SPX.
didn't have time... to post... still long /yms 12405
Posted by zach06 on 25th of May 2012 at 03:37 pm
It held the lows of yesterday.. low risk entry with only 25 bucks of risk
Sure, unless it gaps on
Posted by frtaylor on 25th of May 2012 at 03:43 pm
Sure, unless it gaps on Monday....
There goes the daily pivot.
Posted by frtaylor on 25th of May 2012 at 02:48 pm
There goes the daily pivot.
Wake up.. here comes the CHAOS!
Posted by zach06 on 25th of May 2012 at 03:03 pm
Well, I shorted the SPY
Posted by frtaylor on 25th of May 2012 at 03:14 pm
Well, I shorted the SPY so bring it on. Seems to be having a hard time letting go of that pivot, though.
Looks lOng into next week
Posted by freddy123321 on 25th of May 2012 at 03:20 pm
Looks lOng into next week
Ah, that's better!
Posted by frtaylor on 25th of May 2012 at 03:16 pm
Ah, that's better!
So slow my TOS screen froze and I couldn't tell for 10 minutes.
Posted by lessarda on 25th of May 2012 at 03:19 pm
Maybe nothing but continued small chop into the close.
Short covering or long flattening into the close?
Posted by lessarda on 25th of May 2012 at 03:14 pm
"X" marks the spot...
Posted by auni on 25th of May 2012 at 02:45 pm
...where the market is going to close if, you want to just pull the plug on the computer now.