I am up 170 points for the calendar year on my swing trades for the S&P 500 eminis. I was wondering how that compares to everyone else. Thanks
daily chart of spy, this action looks like the august pullback. Maybe a pullback to the 20 day at 114.55, that is a maybe though.
spy 6 minth,there are a couple of ledges ,blue lines,looking at the price bars they were sellers,might be support if they try to cut their losses, the nip between is 114.9-114.2...if... edit sh avg 61.5/8, leaving 56 or 66 oco bid for half,can't stick around for number
Whoever noticed that we have been "gekkoed" today shorted this breakout because the rule says, it would return into the range, and sure enough it did....
So out of the dragon's predicted 26 pts move we got 22+ already. Since this 1172 cash is some kind of resistance, we might don't get the full 26 pts move of the 3rd top, but nevertheless it was close enough already... Never fight the dragon.... P.S.: Thanks for Decel for bringing my attention to the forming pattern, although I am not sure he was looking at the same....
I have just realized that I kept posting 52+26 as 76. Today after using a calculator, I learnt that it was actually 78. What a surprise!! Anyhow, today's 72.58 cash HOD has a good chance of being the top of this whole rally. Of course assuming the dollar at least wouldn't weaken more...
The dollar was on a pretty nice rip north early this morning and actually went through the upper BB... but QE2 seems to have sucked the wind out of a dollar rally for now.