Market Sense and Sentiment

[bbgold]

Good Reasoning!
I would also Anticipate that a bounce only take us back to the 320SMA. Not sure if that is enough move for an SPX trade to be profitable but I do not think that a DJX trade would be profitable. I would Think that 905-910-915 will continue to be Resistance since these were Major Support levels the last week. Any kind of Good News could get the markets back into Bounce mode though. MACD levels are now fairly close to where they crossed Positive from 5 days ago. DMIs and ADX are starting to trend in the same direction which signals Consolidation. Time to see who will Win, Support or Resistance? It is Possible that we trade between the 320SMA and the LOD from here. I am Anticipating that we will still follow the Bonds pattern.
Let's see what happens! :^)

Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!