- SPX is on the verge of doing a death cross.
- Last death cross did not perform that much for bears. I am not expecting this second one in a row to under perform. If an up move happens it will be an ideal opportunity to go short.
- But before the next big move happens bears need to takeout some serious levels. most important of them is the 200 Week Moving Average.
- Death cross will happen But for it to succeed price need to stay below 200 Week Moving Average.
- NFLX WEEKEND UPDATE
- BEARISH ENGULFING OF BIDU
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 7, 2011
S&P 500 Waiting for the DEATH CROSS
Subscribe to:
Posts (Atom)