(click image to enlarge)
At the Open on Monday
SPY –
QQQQ –
AAPL –
PCLN –
HANS –
WYNN –
FSLR –
BIDU –
GOOG –
HOLX –
FAS –
AXP –
BAC –
STT –
ZION –
ADBE –
AKAM –
FLIR –
MA –
ISRG –
NKE –
BDK –
CAT –
DOW –
WLT –
FUQI –
................................................Technical Analysis Focused on Price Action Setups, Trade What You See, Follow Your Rules, Plan the Trade, Trade the Plan, Don't Force the Trade Concepts...Price Action Plus Momentum...©
(click image to enlarge)
At the Open on Monday
SPY –
QQQQ –
AAPL –
PCLN –
HANS –
WYNN –
FSLR –
BIDU –
GOOG –
HOLX –
FAS –
AXP –
BAC –
STT –
ZION –
ADBE –
AKAM –
FLIR –
MA –
ISRG –
NKE –
BDK –
CAT –
DOW –
WLT –
FUQI –
4 comments:
Thanks for your post, Dave!
Laney
Thanks Dave. It will be very interesting to see if SPX can break R1 (1,042ish) from Thursday, and move on to make a run at R2.
Mike F,
Yes, that is why 1,044 is such an important resistance level.
Dave
So Dave, if SPY bounces off R1 and starts heading back down, what will you be looking for next, a break below the low of the low day I presume(which on the SPY is coincidently the 50 day MA)? I would think that be the signal to get into more bearish trades, agreed?
Am I missing something?
Thanks
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