| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 2 3 4 5 ... 30 >>Post Follow-up |
| nikoschopen 2,824 posts msg #60743 - Ignore nikoschopen |
3/24/2008 3:35:22 PM |
| nikoschopen 2,824 posts msg #60744 - Ignore nikoschopen |
3/24/2008 3:49:17 PM S&P has since retraced back down to 1250 and is struggling to head higher. If it can close above 1250, there could be another rally tomorrow. If not, profit-taking alone could drive this market much lower. |
| nikoschopen 2,824 posts msg #60747 - Ignore nikoschopen modified |
3/24/2008 4:10:59 PM |
| nikoschopen 2,824 posts msg #60757 - Ignore nikoschopen |
3/25/2008 12:22:13 PM Penetrating above the SMA(50) for the second time on the 5-minute chart, there's a real chance for another rally going forward. S&P eMinin 5-minute |
| nikoschopen 2,824 posts msg #60758 - Ignore nikoschopen modified |
3/25/2008 12:50:34 PM Needless to say, the next profit target lies near 1257-ish. The measured move from the earlier upleg of this current rally (1342 - 1352.75) would also suggest that this second upleg will run up to 1257 or so. |
| nikoschopen 2,824 posts msg #60759 - Ignore nikoschopen |
3/25/2008 1:06:55 PM Although it's premature to call for an outright reversal, bulls are obviously losing momentum as the lower channel is being retested, |
| nikoschopen 2,824 posts msg #60760 - Ignore nikoschopen |
3/25/2008 1:53:55 PM Once again, the bulls are reasserting themselves by rearing their ugly heads. The first tentative target is at 1360 and the second at 1365. I doubt we'll ever pass above 1365 for the day. |
| nikoschopen 2,824 posts msg #60761 - Ignore nikoschopen |
3/25/2008 2:18:57 PM The bulls need to charge above the rising wedge for this rally to stick.. |
| nikoschopen 2,824 posts msg #60762 - Ignore nikoschopen |
3/25/2008 2:21:53 PM Here's an early warning. The rising wedge is about to get shattered to the downside. |
| nikoschopen 2,824 posts msg #60763 - Ignore nikoschopen |
3/25/2008 2:33:47 PM Unless we break above the upper channel line (red), here's the game plan for this afternoon. |
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