How does an index exhibit support/resistance anyhow? It's simply a product of a calculation, no? I understand the psychologically in effect on one equity's price movement. What has the greater effect? Trading in S&P futures or the constituent equities?
Many thanks. Did you really think it would be any other way? I love the way the stooges were ready to swoop, and then got clobbered. Silence is golden! Like I said, resistance 1280-1290. Thanks for showing everyone my golden post, bozo.
You got lucky thorn, but either you had no position like you claim or you spent all day underwater on a 1280 short. We still will see 1300 in August so I suggest you move your resistance prediction before it it too late. Had a great day myself.
There once was a bear, who only knew how to short, which worked ok sometimes , but he let his ego get to him, and it blew him up so he changed his alias 4 different times on ET as he shorted from 1150 up to 1326. The end. Judging from your response, you must have sat on dead money all day long. Next I predict..... Thorn sees massive resistance at 1300-1310.