R1 $83.83 S1 $81.85 R2 $84.56 S2 $80.60 We’re in the “no edge” zone; easy to overtrade.
readBased on this chart, I think it’s safe to assume SPX will close with a cliff-hanger 🙂 We’ll keep guessing a bit longer what happens
readAccording to Beat the Dart, current key level on SPX is 812: “If it breaks the shorts would need to cover — massive margin calls.”
readI’m Ursa Minor at the moment 🙂 and if there’s a pop in the morning, I’ll go full bear. Here are some charts to back
readClick charts to enlarge BKX – Bank Index Chart Banks are on a death march. If there’s some good news brewing, the market is not
readClick chart to enlarge, all comments and analysis are on the image today If we weren’t in a bear market, I’d be looking to get
readR1 $885.67 S1 $859.59 R2 $901.07 S2 $848.91
readClick charts to enlarge [[dgp]] — Short @ $16.90 Though RSI(3) indicates that gold is short-term oversold, I’ve highlighted 2 recent occasions when it was
readIt’s pretty obvious that SPX is overbought and should correct any day now. That’s in addition to the negative news out after hours (Alcoa, [[AA]],
readStandard & Poor’s 500 Index, ^SPX Click charts to enlarge Broke the triangle to the downside. Positives still “on the table” – flattening 50dma, low
readDaily $SPX chart as of December 19th close A few positives when lines drawn like this (click to enlarge), and volume is down on “red”
read