poisonivy0
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SnP is apparently setting up for a reversal! Click Me!
I often read blogs around the net to understand the goings on in the world. Jesse's Cafe Americain is pretty good. Whilst you are on the subject of the S&P why not check out his analysis. He is well respected, there is a graph included with the below text so I include the link:
Jesse's Café Américain
SP Futures Hourly Chart at 3:45 PM
The rally is looking a bit toppy but its not dead yet.
Watch the changing slopes of the support and resistance channels. If they keep rolling over and the SP breaks that key support at 740 it could be a real sleigh ride lower back down to 700.
The VIX was elevated all day, even at the high, so there is your 'tell' in addition to the shift in the trend channel to a softer slope.
Chances are they dump the market overnight if that is what is going to happen. But until there is a break through 740 this is just a pullback. We'll have to consult with other short term indicators to see if this is a top, or just a bear trap pullback.
I am short dax 4028 ...stop loss 4058!!
target 4000
closed for 15 points as I did not see that 200 MA is right below it
major support needs to be broken
Morning WS, introduced myself on the other board but just to jump in and say morning, hello, and great to find a place like this! Oh, and nice call on the DAX
Appreciate all the posts - fantastic to learn from, going to be an interesting day!
welcome, welcome my friend..........
nice to meet you and thank you for introducing yourself
I am off work today so i will be doing a lot of posts and analysis with charts
email me or ring me if anybody needs help
Hi WS,
Appreciate all the patience you and the other seniors on this thread are showing for the beginners.
Regards
Arrrrr............
my IG charting package isn't working properly?
anybody else experiencing problems
barc being investigated for tax avoidance. FT alpherville online