InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,181.60
(
-0.43%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
84.85
(
0.00%
)
Bitcoin
60,766.16
(
-0.21%
)
Post# of 28
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

northam43

Send PM Follow Ignore
Followers 95
Posts 19086
Boards Moderated 1
Alias Born 08/22/2005

northam43

Re: None

Monday, 05/16/2011 10:15:01 AM

Monday, May 16, 2011 10:15:01 AM

Post# of 28
The SPX Weekly price has opened below the Weekly UTL.

The current Weekly UTL price is 1340.43

Why am I mentioning this?

With the price opening the week below the UTL, if the price remains below the UTL the entire trading week, a new Weekly Phase I could be confirmed.

If the SPX price hits the 1340.43 level this week the weekly Phase II would then continue for atleast another week.

JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."


Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up