(See chart below).
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AM Update
Today, is one of those days, when I am lacking inspiration. Not much has changed over the past 24/48 hours, the SP500 has been rangebound, having touched exactly the resistance at 1150 on Tuesday, then fallen away to the first support at 1132, for me these 2 levels are key for now. I remain undecided as to direction, there is definately an underlying Bullish momentum behind the SP500 after the surprisingly strong September, however as I have pointed out over recent days, there are plenty of potential warning signs that this could turn ugly again (See postings below). In the meantime patience is required.
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we seem to have an asc tri coming up on the spx. todae will b interesting..
ReplyDeleteHi Dan, brilliant spot on the Asc Tri, today's high was exactly on top line of that. Looks like we could have a key day reversal today... watch the close,,, -- This could of course be Month End window dressing, but it may be something more sinificant, at least the latter is my hunch...
ReplyDeletehey G70, thx for the compliment. i am just lucky, haha. i am looking to short when it rebounds. my target is 1143 on the ES. nice charts man , i have great insights from your charts :)
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