AI
Friday, March 01, 2013 4:21:18 PM
SPX Cycles Closing Bell Flow Chart:
SPX Daily and 60 min both closed below their UTL's, so Monday once again the 60 min could open in a Phase 1 with a projected low of 1498.5 and the Daily could open in an Unconfirmed Phase 1 and if confirmed the projected low will be 1459.97
Today I bought SSO at 68.20 and sold it at 68.43 because the 60 min closed in it's 5th trading hour below the UTL as well as the Daily. Hopefully Monday the Daily will decide which way it's going to go for a few days.
SPX Daily and 60 min both closed below their UTL's, so Monday once again the 60 min could open in a Phase 1 with a projected low of 1498.5 and the Daily could open in an Unconfirmed Phase 1 and if confirmed the projected low will be 1459.97
Today I bought SSO at 68.20 and sold it at 68.43 because the 60 min closed in it's 5th trading hour below the UTL as well as the Daily. Hopefully Monday the Daily will decide which way it's going to go for a few days.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
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