Replies to post #9574 on The TradingEdge

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Larry McMillan's view:

Lawrence G. McMillan -
We expect this short-term correction to continue, taking $SPX down to 1295-1300 or so. At that point, we will see if the bullish trend line holds.

8 minutes ago
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The Economist -
How bankrupt is the US federal govt? Well, bondholders are not the only people it can default on http://ow.ly/41U1T

[rimshot]

ES view by TopStep -

Mr Top Step -
ES - if/when stops get hit out - looking for downside obj $1304.50 area

1 minute ago

Mr TOP STEP says say Hello to the land of sell stops and sell programs!!!!!!!!

1 minute ago

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Fari Hamzei- HA-100 dollar-weighted PutCallRatio is 0.71 ... volume over 2 milllion

35 seconds ago

(.71 is higher than yesterday's close for this HA-100 data, if my memory serves ...bearish bets by the options players are increasing, for now)

as of yesterday's close, SPX cash index 10-week sma = $1294 ... a sustained move below this level, if seen, could target SPX $1282 to 85 level

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3,13,1 MACD support trend line for the weekly NYA chart (NYSE Composite Index) authored by "mss" -

* note that most recent higher low by the NYA price action is now being tested from above, but not yet violated



these slow MACD's on the SPX weekly closes chart by "mss" provide confirmation data for swing traders, and consider the MACDs' relative to the zero line -