matt would you put on a short here if we do not get above this
1061 or wait till tommorrow cause the daily chart is pretty
positive for the day and we can go higher> what do you
think?
Any thoughts on whether we will go higher than 1060 based on the
60 min chart 60 period stochastics just popping out above 20? Do
you think window dressing and election effect will help boost above
1060 as well; maybe some of the higher fibs?
I'm a swing trader looking to scale in to some inverse etfs. I
would appreciate some updates if you see some negative divergence
on a 5 min or 15 min chart, especially if we get to that 1060
level. Thanks.
Bounced off that upper support just long enogh to gain steam and
push above. Looks like there may be a day long try to get to the
.382 retrace at 1061 but the 5min 60sSTO are now overbought so
there may be some back filling first.
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As you you can see,
Posted by matt on 29th of Oct 2009 at 10:02 am
As you you can see, the SPX bounced perfectly off the uptrend support line this morning on the 60 min chart.
Also here's a 5 min chart as well
bounce
Posted by rkelman on 29th of Oct 2009 at 02:11 pm
matt would you put on a short here if we do not get above this 1061 or wait till tommorrow cause the daily chart is pretty positive for the day and we can go higher> what do you think?
r
Any thoughts on whether we
Posted by oreo on 29th of Oct 2009 at 02:06 pm
Any thoughts on whether we will go higher than 1060 based on the 60 min chart 60 period stochastics just popping out above 20? Do you think window dressing and election effect will help boost above 1060 as well; maybe some of the higher fibs?
Sell Trigger
Posted by mvachon on 29th of Oct 2009 at 10:54 am
I'm a swing trader looking to scale in to some inverse etfs. I would appreciate some updates if you see some negative divergence on a 5 min or 15 min chart, especially if we get to that 1060 level. Thanks.
Bounced off that upper support
Posted by perthx on 29th of Oct 2009 at 10:19 am
Bounced off that upper support just long enogh to gain steam and push above. Looks like there may be a day long try to get to the .382 retrace at 1061 but the 5min 60sSTO are now overbought so there may be some back filling first.