Cobra wrote:breakout as I said, let's see how far this breakout could go, looks not bad...
Cobra, I've got resistance at 1326, 1330 and 1335. Do you remember my hourly chart with the two momentum indicators? In an hour or two it will give a sell signal...
did you guys see this? the dodd-frank act is going to make it illegal for us to trade gold/silver. like us retail traders were the problem in this crisis. this is just amazing....
Cobra wrote:breakout as I said, let's see how far this breakout could go, looks not bad...
Cobra, I've got resistance at 1326, 1330 and 1335. Do you remember my hourly chart with the two momentum indicators? In an hour or two it will give a sell signal...
yes, it's about to give sell signal, but not yet, still hard to say I think.
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Negative price reversal on SPX 15 and 60 min. RSI(14) calculates out to 1314.4
Short term bullish if not confirmed. Could mean a short term double bottom. Short term downtrend channel (past 3 days) still appears to be intact.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS
This hourly has a good track record in volatile markets, unreliable in trending markets. The signal is given when all three indicators go on "sell". At the moment two of them are about to join the third and switch to "sell"
here comes the 3rd push, could be the last attempt to push up.
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