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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Thursday, 22 January 2015

S&P

bullish power candle in response to ECB move


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2 comments:

  1. Souljester30 January 2015 at 18:10

    Weekly Williams has not bottomed. Price continues to be bearish below that 2036 area.

    http://scharts.co/163d52m

    5 EMA continues to provide resistance entry points below the 51 EMA.

    http://scharts.co/1BdtSfr

    IMHO. I do have a bullish cycle low potential week of Feb 5 (just a potential), so am watching some indicators but trend is not up yet, so no need for me to front run.

    Hope all is well.

    ReplyDelete
  2. Anonymous31 January 2015 at 07:34

    Under bearish analogs we should get 7-8 weeks of sell before first multi week 3-5) bounce. That puts us closer to Mid-Feb.

    I will stop trend trading off that analog above 2035, and play it below.

    FWIW

    -SJ

    ReplyDelete

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