Wednesday, September 16, 2009
Were right here, just waiting......
Just scanning our beloved SPX index and just noticed a few things...Looking at the monthly chart we just hit the 20 ma ( 1068) today at the close. Also we have 10 up days from a pivot low made at the beginning of September. If that's not enough I talked about the need to complete the 1050-70 area for a melt up exhaustion type trade into the middle of September. I have put my money on the short side with an entry at the 1062 area. I feel great that we are here and have a great chance of correcting from here.
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2 comments:
New high made Thursday...we need the sell off in afternoon Thursday to give us a signal of direction going forward. We have shorted the SPY @ 106.90 and ES ( s&P futures) @ 1062
great link here for BIG Picture!
http://thebullzandbearz.com/
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