News Focus
News Focus
Followers 102
Posts 22616
Boards Moderated 1
Alias Born 08/22/2005

Re: northam43 post# 7029

Wednesday, 08/07/2013 1:06:13 PM

Wednesday, August 07, 2013 1:06:13 PM

Post# of 44870
If the SPX can stay below 1695.51 today, which is the current 60 min Phase 2 line, then the Daily will confirm a Phase 1 at the close.

Then tomorrow the SPX could very likely get a coordinated 60 min/Daily Phase 2 which could take the SPX up 21 points pretty fast.

Now if the 60 min closes today below it's LTL (Lower Trend Line) which is currently at 1691.95, then tomorrow the SPX may likely see lower lows.

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


Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today