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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%Jan 9 4:00 PM EST

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From: Lazarus6/5/2013 12:33:53 PM
  Read Replies (1) of 221579
 
Here is an $SPX chart and my take on it.

I went ETF short the other day on the diagonal resistance line [in between the two channels]

unfortunately already took profits on that.

I think it we dont bounce today off the bolligner band the next test will be the bottom line.

Actually, i'm anticipating a bounce off the bolly ---- but still think we're headed for the bottom line of the channel -- and probably lower.

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