If TA is voo-doo, i am a WITCH DOCTOR. <a href="http://www.sweetim.com/s.asp?im=gen&ref=11" target="_blank"><img src="http://content.sweetim.com/sim/cpie/emoticons/000200A5.gif" border=0 ></a>
can you explain why you would look at the SPX as opposed to the ES, if you are trading the SPX?...hmmm...also, why look at NDX if trading NQ?
i woke up and the song playing in the radio was "OOOOOOOOOOOOHHHH I FEAAAAAALLL GOOOOD BAAANANANANNANAN" and i knew it would be a dow 300 up day!!!!!!! okay!!!!!
Quite simple. The Cash SPX is absolute. Much easier to chart over multi-month time frames rather than a futures contract which is subjected to declining premium over time and expiration every 3 months.
Definitely the dollar strength. Looked at FNM and other stuff and decided it didn't matter with dollar that strong. Bought the open and let her ride.