S&p 500

Discussion in 'Trading' started by Topper, Jul 3, 2009.

  1. Topper


    Does it fall off the ledge the week of July 6, or, does it bounce back up between 930-950ish over the course of the next two weeks?
  2. Those are both pretty solid bets ... there's one camp who strongly belives it drops and another one that "knows" it's going to head back up ...

    Why don't you start a poll?

    P.S. I believe it finds support at the 880-875 level and heads back up - worst case scenario is that 865 has to hold (which was former resistance) [see chart], but we'll just have to see how it plays out.

    Happy Fourth! :D
  3. Topper


    Happy 4th. I tried to edit to add a poll but it wouldn't let me.
  4. Topper


    So now what?

    SnP breaks up through a thousand this coming up week and holds the range for a bit, then blasts off? Maybe it has one of it's largest weeks in history?


    Through the next 2 weeks, hits 1000ish? Maybe 1010? Then pulls back, holding the range around waiting for a catalyst?

    I'm not feeling doom n gloom here... maybe worst case, 900 in 3-4 weeks?