Replies to post #23534 on ETF SWING & DAY TRADING

[Keith K]

Current trend for S&P:
http://139.142.147.218/StockChart_ImageOnly.dll?cus=0&co=ask&i_chart=0&inm=5&ind=2&a...

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NDX range bound, within overall upward trend (1650 is large S)

http://139.142.147.218/StockChart_ImageOnly.dll?cus=0&co=ask&i_chart=0&inm=5&ind=2&a...



I believe short term bottom will be set on Tues or Wed (week before opex).

Chance for major selloff is VERY low, IMHO, due to sentiment extremes and trend. Price consolidation continues until upside break for move to previous high (1761 NDX).