Wednesday, July 1, 2009
SPX - Update Daily and Hourly
Close 923.33(+4.01)
Close again below 928 and 935. Vix close 26.22 (-0.50%) New lows of the year again with bullish divergence. Need confirmation with close hourly above 27.50 resistance that I wrote last friday. Close hourly above 27.50 I expect fast 29,50+- target hourly very short-term.
Again spx
Until now so far so good. I just have to follow the plan
Daily
Below 928 I expect [880-893] short-term
Below 935 I expect [790,820] medium term.
Important Suport (Big picture) [880,893]
Important Resistance (Big picture) [957,968]
Important Thursday
Hourly
-Resistance [928,932] and daily 935.
-Suport 913 and 896.
MACD new sell signal at close with bearish divergence but need confirmation with close hourly below 913.
Plan for Thursday
Open more short if:
Close hourly above 913
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