SPX Mapping

    Posted by steve on 31st of Jan 2014 at 11:28 am

    $SPX - Chart Link

    Several options here but either of these would align for a RS forming. 

    Yep..

    Posted by burkmere on 31st of Jan 2014 at 12:47 pm

    It's what EVERYONE is saying will happen so we shall see if EVERYONE is right.

    Yes, alot of the blogs

    Posted by pebs on 31st of Jan 2014 at 01:03 pm

    Yes, alot of the blogs I go to have talked about the head and shoulders pattern.  Anyone seeing another set up that isn't 'mainstream'?  

    Guys, I show a few

    Posted by steve on 31st of Jan 2014 at 01:10 pm

    Guys, I show a few scenarios on the SPX 60 including a triangle (continuation) pattern that would essentially only provide for a weak shoulder. Trade what is in front of you.

    Closed SPX position at 1792 on near fill of today's opening gap

    Posted by mark109 on 31st of Jan 2014 at 02:28 pm

    Market technicals continue to display a Bear Bias condition imho.

    Therefore, I believe taking profit on SPX long positions is prudent here at 1790-1800 resistance zone imho.

    Will consider re-visiting long entry if close above 1800 happens today.

    Thanks Matt, Steve & James for the Spy Pro long call !!!

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