StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 3 4 5 6 7 ... 30 >>Post Follow-up
nikoschopen
2,824 posts
msg #60853
Ignore nikoschopen
3/28/2008 12:18:54 PM

It's currently trading near 1329 and the trend looks moderately bearish at the moment. We have already retested yesterday's low earlier in the session so we will most likely break that support should we retest it again.

nikoschopen
2,824 posts
msg #60854
Ignore nikoschopen
3/28/2008 12:47:27 PM



nikoschopen
2,824 posts
msg #60855
Ignore nikoschopen
3/28/2008 12:51:29 PM

Although it has yet to close, S&P pierced through yesterday's low which indicates that the trend in becoming increasingly bearish. As outlined above, we might be bobbing up and down in a downward channel.

nikoschopen
2,824 posts
msg #60857
Ignore nikoschopen
3/28/2008 1:37:05 PM

One of the most reliable points is the conflence point, especially if it lines up with either support or resistance.


S&P 500 15-minute

nikoschopen
2,824 posts
msg #60858
Ignore nikoschopen
3/28/2008 2:49:03 PM

Now that we've reached our target, S&P should get a bounce from here. Just don't expect a large bounce.



nikoschopen
2,824 posts
msg #60859
Ignore nikoschopen
3/28/2008 3:25:36 PM

I think we might have hit the low of the day. I'm personally going long here.


nikoschopen
2,824 posts
msg #60860
Ignore nikoschopen
3/28/2008 3:48:37 PM

The trend definitely changed for the next 20 minutes but we have since fallen back near the LOD.


vic1
21 posts
msg #60880
Ignore vic1
3/29/2008 3:44:52 PM

Niko, Great "stuff"!!! Thanks Maxreturn for your input.

nikoschopen
2,824 posts
msg #60903
Ignore nikoschopen
modified
3/31/2008 11:07:43 AM

Methinks the market will churn and churn and churn only to dress up the window just prior to the close.



nikoschopen
2,824 posts
msg #60913
Ignore nikoschopen
3/31/2008 3:46:32 PM

Here comes the window dressing, or is it?



StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 3 4 5 6 7 ... 30 >>Post Follow-up

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