What do the 15, 30, 60 min charts say?
We hit it, so maybe a small bounce before heading lower. I think we will go to gap window at 111.58 spy some time today.
I seen a intraday FP yesterday at 11am (est) of 112.10 on the spy. That's probably where the market is going to bounce at.
As I'm typing this, Shanghai is down 0.91%. Usually, the commodities track Shanghai very closely. Fingers crossed that my scalp is going to work.
I could see a doji tomorrow pretty easily… but not a big down day.
XOM closed above the upper Bollinger Band, which is pretty rare. I think it retraces, 0.5-1% tomorrow and closes inside the upper BB. That's enough for my ERY trade.
Yes it has Newbear… that weekly chart it still pointing up, so I don't think we are going down to take out the 1010 bottom anytime soon.
Dow Jones analysis after closing bellhttp://niftychartsandpatterns.blogspot.com/2010…
Shorting has been bad the last few weeks if you ask me, especially spy and even stocks that tanked on earnings got bought back up.
Refresh the page for today's Video Update and outlook for Tuesday.
What do the 15, 30, 60 min charts say?
We hit it, so maybe a small bounce before heading lower. I think we will go to gap window at 111.58 spy some time today.
I seen a intraday FP yesterday at 11am (est) of 112.10 on the spy. That's probably where the market is going to bounce at.
As I'm typing this, Shanghai is down 0.91%. Usually, the commodities track Shanghai very closely. Fingers crossed that my scalp is going to work.
I could see a doji tomorrow pretty easily… but not a big down day.
XOM closed above the upper Bollinger Band, which is pretty rare. I think it retraces, 0.5-1% tomorrow and closes inside the upper BB. That's enough for my ERY trade.
Yes it has Newbear… that weekly chart it still pointing up, so I don't think we are going down to take out the 1010 bottom anytime soon.
Dow Jones analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010…
Shorting has been bad the last few weeks if you ask me, especially spy and even stocks that tanked on earnings got bought back up.
Refresh the page for today's Video Update and outlook for Tuesday.