120 min view SPX

    Posted by matt on 1st of Oct 2019 at 10:08 am

    before the ISM numbers were reported I was going to point out that price was at resistance on the 120 min SPX chart, was tagging the underside of the ATR, also the 60 Stochastic was tagging the underside of 50% which is now resistance. Then of course the ISM came out which caused the drop, however chart wise price was right at resistance where it had a chance to fail, so a good example of chart resistance lining up with news

    Institutions knew todays news yesterday.

    Posted by ssaffer on 1st of Oct 2019 at 10:24 am

    Institutions knew todays news yesterday.  Window dressing yesterday- to suck as many outsiders in, before todays drop.  But you are right the technicals came just shy of breaking resistance.  Almost pregnant. 

    Gotta  luv turn-around Toosday ;)

    Posted by deep on 1st of Oct 2019 at 10:28 am

    Gotta  luv turn-around Toosday ;)   I still think after today they will push it up one more time for 1-2 weeks before pulling the rug out.   Q3 ended up so we have 3 up Quarters this year.   Matt - How many times does that result in a catastrophic Q4 ?  Seem to recall that's a high percentage.

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