August 7, 2011

S&P 500 Waiting for the DEATH CROSS

  • 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