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studenttrader
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Everything posted by studenttrader
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Perfect gap fill on a 30 day 30 minute chart. That equates to hugh overhead resistence. I would be carefull about going long tomorrow.
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News driven rally? Or breakout of major resistence?
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One more test of highs and down we go. Or a lower swing high will do
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The next couple of days is crutial for a test of resistence http://www.freetradingvideos.com/vlog/default.asp?category=1
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Yes, I'm looking for shorts in the low 750s on Monday.
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Market stalled today. See if bulls can push tomorrow.
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According to TA, we are at a "last chance to bounce" support area. http://www.freetradingvideos.com/vlog/default.asp?Category=1
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That doji is very interesting and from a TA standpoint I'd like to see a higher low and then a rally.
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I'll continue selling the rally up to 710 - 715 where there is some resting sell inventory. Difficult to buy and hold right now with no support below.
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Futures are trading at 721 with no support. see what your options are at http://www.freetradingvideos.com/vlog/default.asp?category=1
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Looks like we are bouncing off of the ping pong table in the SPX.
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Would'nt it be nice to see that H&S pattern that is developing follow through?
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We seem awefully extended to the downside. I'm looking for a bounce before we test the lows.