The SPX continues to rebound with some resistance levels noted
just above to monitor. Thus far, the SPX has a 'V' bottom
look to it without establishing a higher low which should have you
trailing up stops on longs as this makes the SPX susceptible
to a deeper pullback (maybe only a correction within an uptrend)
once this leg up completes. As always, respect the current trend
but remain prudent with new entries.
SPX Daily and 60 Views
Posted by steve on 27th of Jun 2013 at 08:56 am
$SPX - Chart Link
$SPX - Chart Link
$SPX - Chart Link
The SPX continues to rebound with some resistance levels noted just above to monitor. Thus far, the SPX has a 'V' bottom look to it without establishing a higher low which should have you trailing up stops on longs as this makes the SPX susceptible to a deeper pullback (maybe only a correction within an uptrend) once this leg up completes. As always, respect the current trend but remain prudent with new entries.
can the up move from
Posted by xxnileshxx on 1st of Jul 2013 at 10:31 am
can the up move from 1560 be counted as 5 waves? with 5 in progress now should end between 1625 and 1630.
xxnileshxx That is one option
Posted by steve on 1st of Jul 2013 at 10:42 am
xxnileshxx That is one option that still holds merit at this time.
1630 is the logical optimum
Posted by himsa on 27th of Jun 2013 at 08:24 pm
1630 is the logical optimum short entry
SPX 5min with levels
Posted by bkout3 on 27th of Jun 2013 at 11:14 am
possibly a logical place for a short with a stop above all these levels?
brkout3, Love your chart and
Posted by limitless on 1st of Jul 2013 at 02:14 pm
brkout3, Love your chart and all indicators clearly shown. Thanks.
Thx
Posted by bkout3 on 1st of Jul 2013 at 02:15 pm
Thx