SPX – the Channel is our “Friend”

By – – 1 Comment

Since the June 4 Low – the SPX has been moving up in a very defined channel.

Take a look at how the sell offs coincide nicely with the CCI

Based on this … we should sell off to 1346 – with a break below 1333 pivot marking a trend change

Previous Posts by kcscott
A Losing Game
0 comments

One Response to SPX – the Channel is our “Friend”

fake amish says:
July 22, 2012 at 2:44 am

Agreed. The only question is does the bottom hold? The fantasy land tape will hopefully stay in the channel. Traders best friend is one. Buy dips sell rips.

Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Major US US Futures Europe Asia Commodities 2yr Euro Yields 10yr Euro Yields Oil
  • DOW 15,354.40 0.80%
  • NASDAQ 3,498.97 0.97%
  • S&P 500 1,667.47 1.03%
  • VIX 12.45 -4.74%
  • SPX 500 (CFD) 1,665.90 -0.01%
  • DOW (CFD) 15,345.00 -0.06%
  • NASDAQ 100 3,025.10 -0.13%
  • EURUSD 1.283 -0.05%
  • UK 6,723.06 0.53%
  • GERMANY 8,398.00 0.34%
  • FRANCE 4,001.27 0.56%
  • SPAIN 8,582.40 0.47%
  • H. KONG 23,082.70 0.17%
  • JAPAN 15,138.10 0.67%
  • KOREA 1,986.81 0.79%
  • SHANGHAI 2,282.87 1.38%
  • NAT GAS 4.10 -0.24%
  • GOLD 1,453.60 -0.60%
  • SILVER 23.76 -0.77%
  • COPPER 3.19 0.32%
  • FRANCE 2YR 0.19 -10.90%
  • GERMAN 2YR -0.03 -314.29%
  • ITALIAN 2YR 2.18 27.59%
  • SPAIN 2YR 2.81 8.21%
  • FRANCE 10YR 1.86 -0.96%
  • GERMAN 10YR 1.33 -0.38%
  • ITALIAN 10YR 3.90 -2.04%
  • SPAIN 10YR 4.21 -2.35%
  • WTI 96.02 0.90%
  • BRENT 104.72 0.00%
  • WTI/BRENT 8.70
  • 321 CR SPR 21.96 10.04%