Tuesday, March 01, 2011

SPX CHARTS IN 3 TIME FRAMES

*click to enlarge




1290-1294 jumps out at me for nearby support. Today was a near 89% down volume day with overall volume gaining near 20% from yesterdays rally....there is a trend here.
I think selling has picked enough to say it has farther to go.....but we can't call bull mkt over by long shot, not at this juncture
D

2 comments:

SSK said...

NICE VIEW OF DIFFERENT TIME FRAMES. iT WILL BE INTERESESTING TO SEE IF WE SELL OFF AT THE 1320 OR THE 1335'S OR 42'S AND TRADE BACK TOWARD THE FILLED GAP AT 1292 BEFORE BREAKING UP OR DOWN.

Marc R said...

WELL SSK,TRans fell under FEB lows, RR says look out of DOW does too.....black boxes are primed to keep this charade going. $102 OIL be damned