SPX is at/near some kind of high. A crazy intraday jump of 20 points is in the cards (see May 2013), but chart suggests that resistance up in the 1750/1780 area is too strong to be breached.
I'd like to add that the DAX pattern is also suggesting some kind of top (same chart I showed previously).
[quote="uempel"]SPX is at/near some kind of high. A crazy intraday jump of 20 points is in the cards (see May 2013), but chart suggests that resistance up in the 1750/1780 area is too strong to be breached.
KeiZai wrote: ...Thanks senor, seems like outperforming trend in financials is broken, there was a bigger danger in divergence between XLF ans SPY but with new highs this was erased(for now at least)
Thanks panda
Miss u
Here is the relative strength of the biggest spy components, hourly with a 25ma smoother
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Thanks I will be here more often now I think this market looks a bit exhausted so no more buy and hold for me
Off topic...apple entering into potential reversal zone I expect pullback around here (530) to 548 divergence is already formed, then likely more up we will see
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
uempel wrote:SPX is at/near some kind of high. A crazy intraday jump of 20 points is in the cards (see May 2013), but chart suggests that resistance up in the 1750/1780 area is too strong to be breached.
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I'd like to add that the DAX pattern is also suggesting some kind of top (same chart I showed previously).
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Bond basing is strong now, 105.5 is long term hold.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Spy renko doesn’t see any compelling reason to short yet
Price will need to go down a bit more
It won’t catch the top, it will just try to stay on the right side of the short-term trend
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Thanks god it is pulling back, 5 more trading days to go tho gotta stay inside of the triangle for my plan
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
key time, failed here would mean 2nd test failed therefore trend might reverse. wait.
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