The bearish cycle is week on a daily chart. On a 15min chart bears are trying to push down, 1h VXO to the right. 1400 is support and 1420 is resistance.
My odds are now 7:3 that we’ll test ~1390 tomorrow (or not at all). I have to browse through more charts so until later, here 1h SPY chart Video of the day
Futures does not provide much about what is coming. SPX 1420 should provide some resistance. Very low on macros today,German Ifo Business Climate @ 11.00 GMT+2. Forecast is 102,7 and it has [...]
Bulls managed to stay above 1400 which I mentioned as an important level for this weeks close. This is obviously a good thing. I will not do much writing, I’ll let the charts speak for [...]
First of all, sorry for the messy chart! I have two scenarios as seen on the chart, first smallish rebound today to ~1410 and then down to 1390. Between 1390 – 1380 starts “buy the [...]
I’m too tired to write and post charts, do that in the morning. I expect rebound soon. I want to see overnight futures before next call but my trading suggestion would be to look for long [...]
For you who want my posts in realtime, I’ve set up a site on Facebook (yeah go figure..) for traders.fi: http://www.facebook.com/traders.fi Posts should appear on Facebook once posted on [...]
