Posted by harshblue on 16th of Nov 2012 at 12:23 pm
hi Steve, on your second chart you show fib retracements.
Many times, i think the pullback is only till primary pivot and
then trend continues. Is that right understanding? Today i think
that pivot is around 1355.
Hello harshblue - I simply put a quick chart up with Fib
retracements 'should' SPX pullback from the quick push for a guide.
In addition, you can monitor the pivots with the primary pivot
today being at 1354. Bulls would want to see higher lows
established on pullbacks for a sustained bounce into next
week.
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SPX Short Term Intraday Views
Posted by steve on 16th of Nov 2012 at 12:18 pm
$SPX - Chart Link
$SPX - Chart Link
hi Steve, on your second
Posted by harshblue on 16th of Nov 2012 at 12:23 pm
hi Steve, on your second chart you show fib retracements.
Many times, i think the pullback is only till primary pivot and then trend continues. Is that right understanding? Today i think that pivot is around 1355.
Hello harshblue - I simply
Posted by steve on 16th of Nov 2012 at 12:28 pm
Hello harshblue - I simply put a quick chart up with Fib retracements 'should' SPX pullback from the quick push for a guide. In addition, you can monitor the pivots with the primary pivot today being at 1354. Bulls would want to see higher lows established on pullbacks for a sustained bounce into next week.