Candlestick pattern on today's S&P hourly chart

Discussion in 'Technical Analysis' started by reno4nook, Oct 6, 2005.

  1. how did you miss this one??? :D

    http://www.ttrader.com/mycharts/display.php?p=35537&u=macroevent&a=MacroEvent&id=1511

    that was the best hammer of the year on July 7th!
     
    #11     Oct 6, 2005
  2. so would i be correct to say there is a hammer on the ES & $INDU???
     
    #12     Oct 7, 2005
  3. ?
     
    #13     Oct 7, 2005
  4. Looks like some decent support at today's ES Pivot of 1196.60
    Could see a mild push to the upside around 3PM EST on further short-covering only to fade in the last half hour.

    Stay nimble.

    http://www.vtoreport.com/sentiment/sentiment.htm
     
    #14     Oct 7, 2005
  5. ===============
    True,but end of day SPY,QQQQ many energy stocks are higher than yesterdays close.

    Higher lows & many of them also in the above stocks sectors;
    technical wise its still a bull market you know.

    DIA, major airlines still look weak;
    but 4th quarter tends to uptrend in tek stocks,
    even in wild OCTOBERS.

    :cool:
     
    #15     Oct 7, 2005