More Support and Resitance

This the SPX, of course. The chart is of a small area because it's the ONLY thing that matters right now for Price TA traders.

Blue = 50MA
Red = 200MA

GL

 

OP used to write like a professional writer.

Now he is behaving like a newbie writer.


For goodness sake, the market is moving in a tiny range.
It will continue to move in a tiny range until the chart says otherwise.

 

Good for you to recognize what I said and repeat it for all the ETers.

 

Such a market is the easiest to trade;

Simply don't trade.

But pay attention to Russell 2000.

 

Really... the "no brainer" buys and sells don't count?

 

The US Stock markets just opened.
It is unlikely Russell 2000 will make a decisive move.


OK. Time for me to stop trading for today.

Anyway, I have made enough $$$$ from today's
Asian and European sessions.

 

SPY just touched the 200 day.Not good news for the bulls.

 

For bulls who's thinking lags. $SPX topped 3 months ago - LH's, LL's since.

 

Not all the indices line up together at the same time. Should be aware of where the market is "in general"... SP, Dow, NDX, NYA. Question is... "are the markets going to hold or break support/resistance?" (A single index doesn't necessarily determine that. One index may break but another hold... what do you do with that?)