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

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
-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
Click to zoom in.