We are hitting some support right now. A double bottom from the 24th. But, the 60 minute chart and 30 minute chart isn’t showing any signs of bottoming. You could close out some shorts and reload on a bounce Dee, but the charts say we continue lower. It might not be today, but over the next few days we should go lower.
You really think they will rally back up after breaking the trendline in the afterhours/premarket session? I don’t think we are going back up to the right side of that “T”.
We are hitting some support right now. A double bottom from the 24th. But, the 60 minute chart and 30 minute chart isn’t showing any signs of bottoming. You could close out some shorts and reload on a bounce Dee, but the charts say we continue lower. It might not be today, but over the next few days we should go lower.
your take is that we tank from here or pullback or what … I want to cover shorts when I can and not go backwards… know what I mean?
“Big correction will take place once ES breaks 1296 level.”
Well then, let’s hope the ES breaks 1296 then!
ES Triangle Updated: http://niftychartsandpatterns.blogspot.com/2011/03/s-500-before-opening-bell_10.html
LOL… what perfect timing!
And guess what? No POMO today.
This should be an “all down” day I believe. Of course there will be intraday bounces, but it should close near the lows of the day.
Don’t think it matters, with that open…that’s the breakout…
We’re bouncing on the 50 day moving average on the daily chart now… will she hold? LOL
You really think they will rally back up after breaking the trendline in the afterhours/premarket session? I don’t think we are going back up to the right side of that “T”.