Posted by dodgerdog on 9th of Nov 2008 at 08:21 pm
Just because it's above 950 does not (by itself) change
anything. It could be that early strength is met with later
selling so let's see how things play out. The key levels are
covered in the newsletter.
Steve talks about it in the newsletter. There is a bullish
case and a bearish case, hard to say, we present both counts.
The SPX needs to close above 1005 for an inverse H&S to begin
to play out, would measure up to 1150.
Hi, Steve, SPX future is
Posted by yawang36 on 9th of Nov 2008 at 07:21 pm
Hi, Steve, SPX future is traded above 953, means SPX is standig above the 50% fib line, on tonight's china news. what do you think the trend?
Just because it's above 950
Posted by dodgerdog on 9th of Nov 2008 at 08:21 pm
Just because it's above 950 does not (by itself) change anything. It could be that early strength is met with later selling so let's see how things play out. The key levels are covered in the newsletter.
Steve talks about it in
Posted by matt on 9th of Nov 2008 at 07:44 pm
Steve talks about it in the newsletter. There is a bullish case and a bearish case, hard to say, we present both counts. The SPX needs to close above 1005 for an inverse H&S to begin to play out, would measure up to 1150.
SPX daily chart