Will it be the green or the red path?
Showing posts with label $sso. Show all posts
Showing posts with label $sso. Show all posts
Sunday, June 9, 2013
SPY two Paths?
Saturday, September 8, 2012
S&P500 Top Top Top?
Pink lines... shows up at approx 1448-50. Top Top Top?
Do we pop it or do we touch it and drop. I am inclined to short it initially and then see how it goes from there.
Do we pop it or do we touch it and drop. I am inclined to short it initially and then see how it goes from there.
Thursday, August 16, 2012
Saturday, May 26, 2012
S&P 500 Daily
This is a follow up to the previous post S&P 500 Weekly, that i posted two weeks ago.
From the action in the last two weeks i think a clearer line in the sand can now be defined. A BLUE line that was part of the original post on the weekly chart has been changed to GREEN just for emphasis. It goes through the lows on 3/16, 6/16, the breakdown and retest 8/3, 11/8 before the market collapsed and again in 2012 resistance and then support for the 1st two weeks of Jan after which the market launched higher.
I think if the S&P 500 breaks this line in the next few days, we get a waterfall event like that of August 2011.
For the Elliotticians out there, it looks like a 5th wave is due which will most likely have extensions.
From the action in the last two weeks i think a clearer line in the sand can now be defined. A BLUE line that was part of the original post on the weekly chart has been changed to GREEN just for emphasis. It goes through the lows on 3/16, 6/16, the breakdown and retest 8/3, 11/8 before the market collapsed and again in 2012 resistance and then support for the 1st two weeks of Jan after which the market launched higher.
I think if the S&P 500 breaks this line in the next few days, we get a waterfall event like that of August 2011.
For the Elliotticians out there, it looks like a 5th wave is due which will most likely have extensions.
Wednesday, February 1, 2012
S&P 500 Parallels
A view on the S&P500 that i will consider as long as we stay under the high made on the 26th Jan at 1333.47
Blue parallel lines on shorter time frame beginning 2011 till August 2011 vs the white on the longer time frame ie. August 2009 to date.
Yes ! I am aware that the futures are up 9.
Posted at 5:45pm IST
Blue parallel lines on shorter time frame beginning 2011 till August 2011 vs the white on the longer time frame ie. August 2009 to date.
Yes ! I am aware that the futures are up 9.
Posted at 5:45pm IST
Wednesday, August 12, 2009
Diamonds are so rare! Not....
Couple of days ago i watched as one of these rare diamond formations more seen on forex charts, formed on the SPX daily and broke to the upside. A similiar pattern now appears once again and if the structure of the last one is anything to go by, this one is the opposite. For this to go through on the down side i would like to see a test of approx 1001.42 followed by some selling which breaches the trend line from yesterdays bottom (994 ish today) and fills in the gap from the 3rd Aug at approx 888.43 .However if this market gets to 1007, we all know what that means.....
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