Replies to post #40936 on S&P 500 & Nasdaq Analysis and Trends

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SOX price check -- at the SMA S now at 480 area - I made that short MA a 13 instead of a 10 -- sure enough, 492 was R like I thought. I didn't trade it with real money, but I am learning a lot about SOX options

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SOX hit support this morning and immediately bounced. 500?? 520??

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SOX missed stop sign at 472 -- OOM January calls are very expensive here, or I would trade those

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SOX 475 and now above that 472 support level...buy support, sell resistance

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SOX is below that horizontal S area now... buy, sell or push? I should ask ray!

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SOX at 472 which is interesting S level, still... that wimpy 10 SMA needs to become support!

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SOX testing 472, which is R now, S soon enough ;)