This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Sunday, 8 September 2013
Sep Futs S&P
the bear setup here is a possible double top on the 50% retracement.For trend reversal we need break of the displaced ma and trendline. Friday was a high wave candle marking indecision
Hmm..so..that time/frame would suggest a low end of this week?
ReplyDeleteBest case I have right now is sp'1685/75...that looks viable..just about, if the market is spooked on Syria developments.
Bears could do with a big Monday opening drop <1640..and battle close in the 1630s.
*the good thing, no sig' QE until Thursday...so...three clear days for the bears to break the key 1627 floor.
Have a good week CR !
No I prefer a low mid-late September
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