Interesting Technical Analysis for the S&P500: http://www.3stocksonfire.com/trading/index.php?topic=10180.0&ref=video Summary: - The Bull Market pattern is still intact. - Long Term Support tested today with strong volume and bullish candle. - Not much downside potential. - The highs of the year, not likely to be the highs of the current Bull Market.
Thank you. This place went to hell a long time ago though, Way too many pikers on ET now, and as such, no room left for any decency on this board. I always felt when the piker/good trader ratio went over 100:1 on this board, i would retire from here. In the old days, when there were only 200-300 people on ET at a time, it was better, and more importantly, more educational. Many thanks Pabst, you are truly a good human being.
EqtTrdr, I asked you a question regarding risk of initiating fresh longs and holding over weekend at the time when divergence on weekly was almost complete which lead to a current correction, I think you posted a "LMAO" at the time, so... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1581099>