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S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
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Bitcoin
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(
1.23%
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Post# of 18894
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bbgold

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bbgold

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Re: RCKS post# 18846

Tuesday, 03/06/2012 2:59:15 PM

Tuesday, March 06, 2012 2:59:15 PM

Post# of 18894
1340 support for now
I would love to see a retest of 1320 tomorrow but uncertain if it happens. The breakdowns can happen fast though so a gap down to 1300 is a possibility. Exited 1/5 my SPXU position but holding the rest overnight.
Yes, Max Pain tomorrow could see either a quick gap down and rally, or a spike up that sells. Any spike up that sells would more than likely lead to more selling pressure.
Yesterday the INDU was out of sync with the other Markets with it's gap down and rally day. I will keep watching for those out of sync days that could point to potential trend reversals overnight.
Good Trading!

Good Luck to All! :^)

PLAN the TRADE and TRADE the PLAN!


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