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
lost the trendline earlier and
yawn...
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....