Technical Trades Technical Analysis applied to Stocks and Futures.
$SPX
The TA whispers lower.
One Response to “$SPX”
Further to this chart, I have done the weekly here http://www.technicaltrades.net//?p=72 and I suspect that the red 3 in this daily chart is actually a weekly C corrective. So while that daily 3 low or the weekly potential C holds the market has a major support area in place. I will post some comments later about VIX closing over 18.00 2 weeks ago on June 9th. That price action relative to Bollinger Bands (a measure of volatility) shows a very very high potential for bullish reversal here.
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Further to this chart, I have done the weekly here http://www.technicaltrades.net//?p=72 and I suspect that the red 3 in this daily chart is actually a weekly C corrective. So while that daily 3 low or the weekly potential C holds the market has a major support area in place. I will post some comments later about VIX closing over 18.00 2 weeks ago on June 9th. That price action relative to Bollinger Bands (a measure of volatility) shows a very very high potential for bullish reversal here.
admin - June 25th, 2006 at 1:00 pm