Thursday, November 17th, 2016

One day up next day slam- No no !

2015-03-13_SPX_001Click to enlarge charts

2015-03-13_SPX_001

One day SPX blasts and than gets slammed. this is not  a healthy behavior. No follow through or containment in the first 23.6% of Fibonacci levels. All the gains are wiped. This sounds more bearish than bullish , unless we play this again on Monday. For now sidelines are the best seats, relaxing with a soda in hand.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

*