$SPX - Chart Link - daily charts, as
stated below the 2019 pivot +/- 7 points on a closing basis, below
this the next pivot is way down at 1973, sort of an air pocket
$SPX - Chart Link - daily with a short
term symmetry target around 2007 - 2010. I added Fibs, the
50% and especially 61.8% Fib would be important support areas.
$SPX - Chart Link - weekly view that I
showed about a month ago, possible slanted H&S, we'll see I
guess...
Posted by sbaxman111 on 11th of Dec 2015 at 03:09 pm
By my count this is just the 19th time in 2015 that the
daily RSI-4 for SPX has been below 30% and 20 times for RUT. But,
SPX 20.85% currently is NOT as extreme as 3 previous readings this
year below the 10% line. The 60 min RUT and SPX charts remain quite
oversold on a short-term basis as we near 3:10. Will traders want
to step in here to buy or will they walk away from any exposure for
the weekend?
SPX comments
Posted by matt on 11th of Dec 2015 at 02:31 pm
$SPX - Chart Link - daily charts, as stated below the 2019 pivot +/- 7 points on a closing basis, below this the next pivot is way down at 1973, sort of an air pocket
$SPX - Chart Link - daily with a short term symmetry target around 2007 - 2010. I added Fibs, the 50% and especially 61.8% Fib would be important support areas.
$SPX - Chart Link - weekly view that I showed about a month ago, possible slanted H&S, we'll see I guess...
SPX daily RSI-4
Posted by sbaxman111 on 11th of Dec 2015 at 03:09 pm
By my count this is just the 19th time in 2015 that the daily RSI-4 for SPX has been below 30% and 20 times for RUT. But, SPX 20.85% currently is NOT as extreme as 3 previous readings this year below the 10% line. The 60 min RUT and SPX charts remain quite oversold on a short-term basis as we near 3:10. Will traders want to step in here to buy or will they walk away from any exposure for the weekend?
thanks a lot, Steve and
Posted by junkie on 11th of Dec 2015 at 02:36 pm
thanks a lot, Steve and Matt!