Remember, Steve posted his chart below: Otherwise the SPX
taking out the trendline and then the 1363 around could easily see
the 78.6 retracement at 1389 which he has talked about before.
Also on Steve's chart the Stochastic indicators have just
turned up and have a way to go before getting overbought, and the
MACD has curled back up. Perhaps the market rallies into next
week, next Tuesday anyway when we have a 1/2 day. Unless
something negative comes out of Europe of course
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Posted by steve on 29th of Jun 2012 at 10:05 am
$SPX - Chart Link
Now testing trendline......
Any gues how high we go?
Posted by lamb on 29th of Jun 2012 at 10:22 am
any guess where to go short or will this gap hold a high into the close?
yep so i just had
Posted by morgan8 on 29th of Jun 2012 at 10:37 am
yep so i just had a crack right here, short es 1349.50, stop 1350.75 for now, see what the next 15 minutes brings us,
is it zach who says right or right out
edit ;10.50 stop to breakeven.
Remember, Steve posted his chart
Posted by matt on 29th of Jun 2012 at 10:25 am
Remember, Steve posted his chart below: Otherwise the SPX taking out the trendline and then the 1363 around could easily see the 78.6 retracement at 1389 which he has talked about before. Also on Steve's chart the Stochastic indicators have just turned up and have a way to go before getting overbought, and the MACD has curled back up. Perhaps the market rallies into next week, next Tuesday anyway when we have a 1/2 day. Unless something negative comes out of Europe of course