| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 2 3 4 5 ... 30 >>Post Follow-up |
| nikoschopen 2,824 posts msg #60736 - Ignore nikoschopen |
3/24/2008 1:41:44 PM S&P just bounced off the lower channel (red line). |
| nikoschopen 2,824 posts msg #60737 - Ignore nikoschopen |
3/24/2008 1:56:18 PM Proshare Ultra S&P500 (SSO) 5-minute |
| nikoschopen 2,824 posts msg #60738 - Ignore nikoschopen modified |
3/24/2008 2:02:56 PM S&P just broke below the lower channel. The next support will be at 1355-ish. It's no coincidence that the SMA(50) also near 1355. |
| nikoschopen 2,824 posts msg #60739 - Ignore nikoschopen |
3/24/2008 2:05:29 PM Sure enough bouncing off @ 1355.75. It should retrace back up to the lower channel. |
| nikoschopen 2,824 posts msg #60740 - Ignore nikoschopen modified |
3/24/2008 2:26:04 PM The trend is currently moderately bearish. The bounce from 1355 wasn't strong enough for me to believe that this is just another pullback prior to another rally. But unless we break below 1350 the main bullish trend remains intact. |
| nikoschopen 2,824 posts msg #60741 - Ignore nikoschopen |
3/24/2008 2:43:07 PM |
| nikoschopen 2,824 posts msg #60743 - Ignore nikoschopen |
3/24/2008 3:35:22 PM |
| nikoschopen 2,824 posts msg #60744 - Ignore nikoschopen |
3/24/2008 3:49:17 PM S&P has since retraced back down to 1250 and is struggling to head higher. If it can close above 1250, there could be another rally tomorrow. If not, profit-taking alone could drive this market much lower. |
| nikoschopen 2,824 posts msg #60747 - Ignore nikoschopen modified |
3/24/2008 4:10:59 PM |
| nikoschopen 2,824 posts msg #60757 - Ignore nikoschopen |
3/25/2008 12:22:13 PM Penetrating above the SMA(50) for the second time on the 5-minute chart, there's a real chance for another rally going forward. S&P eMinin 5-minute |
| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 2 3 4 5 ... 30 >>Post Follow-up |