HOW TO JOIN OUR FREE CHAT ROOM

Come join our free private chat room. We have live voice and video chat capability in addition to text chat. There is no fee to join this room. If you are interested, please send an email to sellhigh@stratisgroup.com We will send you an invitation link.

Monday, June 18, 2012

Tested 1347 50DMA

Based on my Gann cycle, the next significant change in trend is June 20th, which is 56th trading day from the high of this year.  It is the same date when Ben speaks.

Today, we hit 50 DMA resistance and broke through 1347 SPX briefly, but closed below it.  Last 2 hourly candles finished bearish.   SPX trend average is 1324.5.  If we head south, we should test there and expect a bounce if this bullish uptrend is to continue beyond 62fib retrace.

Sentiment charts have peaked at 100%.


Good luck on your trading.






No comments:

Post a Comment