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Re: rimshot post# 11

Thursday, 10/29/2015 10:27:03 AM

Thursday, October 29, 2015 10:27:03 AM

Post# of 58
SPY - buyers must defend 207.77 today, the 4-day sma

buyers must defend 208.48 right now in order to avoid testing
the 208.31 a.m. low ... once violating the 208.48 level, sellers need to hold the price action below 208.48

209.14 is the level sellers must defend this a.m., and has been resistance area on the 2nd morning high

** the very short term charts have NOT yet confirmed a sell short configuration by the moving averages, but I am selling bounces so far today, based on the developing moving average pattern

** $3193.11 major Horizontal -- the SPXEW index has only tested its 1-month major daily close high breakout level from above, so nothing overly bearish is taking place at today's low, so far ***

QQQ buyers must defend 103.16 level, if seen today ... day low so far is 113.38

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