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I think we don't have a sell off yet, because XLF broked a big resistance at 13.8, next one is around 17. So, bulls think they toke it. Anyway, like Matt and Steve said, I wouldn't like to see SPX over1000 and if it goes there, I'll short FAZ hard.
right
Matt, have you noticed the broading tops bring put in on the indexes on the daily charts.
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xlf
Posted by gfrieden on 5th of Aug 2009 at 12:56 pm
I think we don't have a sell off yet, because XLF broked a big resistance at 13.8, next one is around 17. So, bulls think they toke it. Anyway, like Matt and Steve said, I wouldn't like to see SPX over1000 and if it goes there, I'll short FAZ hard.
right
Posted by as2029 on 5th of Aug 2009 at 01:07 pm
right
broading top
Posted by waldmansr on 5th of Aug 2009 at 01:09 pm
Matt, have you noticed the broading tops bring put in on the indexes on the daily charts.