Tuesday, June 30, 2009

SPX - Update Daily and Hourly

Close 919.32(-7.91)
Bulls have lost this battle today.
Close again below 928 and 935. Vix close 26.35 (+1.9%)but below 27.50 resistance that I wrote last friday.
Until now so far so good. I just have to follow the plan
Below 928 I expect [880-893] short-term
Below 935 I expect [790,820] medium term.
Suport important big picture [880,893]
Resistance important big picture [957,968]

Important Wednesday
-Resistance 922,925 and daily 935.
-Suport 913 and 896.
MACD new sell signal but need confirmation with close hourly below 913.

Plan for Wednesday
Open more short if:
Close hourly above 913 rule number 3,4,5,6.
Click to zoom in.