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Showing posts with label Head and Shoulders. Show all posts
Showing posts with label Head and Shoulders. Show all posts

Tuesday, June 17, 2008

June 17 SP 500 daily looks like rolling over.




Goldman says that the credit crunch will peak in 2009 and US banks need at least 69 billion to cover......Hi Ho Bernanke.

Monday, May 12, 2008

SP 500 daily May 12 after hours

we have a few areas of confluence on the horizon. It looks like we might test a little higher to the 24 to 27 range and dependant on volume we could see a push to 1441. This would hit the 200 day moving average and also be a fibonacci retracement.

We shall see. If we get a lower high from here we will test the next level down.

Saturday, February 9, 2008

Follow up on 5 min support and resistance SP 500


One more chart two days later of the same lines.


42.50, 39, 29, 22.50


Great trades
Head and shoulders, Inverse Head and Shoulders
Volume break outs and direction

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