User: HeadsUWin_TailsILose: SPX: spx_01252014.png

spx_01252014.png

SPX daily closed below 50EMA and sitting just at the bottom of a short term channel/trendline from Nov. Maybe a relief bounce towards 1813.55 of the prior lower high then back down to 100EMA at 1770? Obviously no idea, but in the past 12 months, the 100EMA was only reached hit 3 times (JUN/AUG/OCT) followed by extreme rallies. Around ~1810 looks like confluence of 50EMA, previous lower high, and bottom of a broken bull flag.

Comments

GregGreg
JBTFD? 1/25/14
GregGreg
Nice chart. JBTFD? 1/25/14
HeadsUWin_TailsILoseHeadsUWin_TailsILose
Seems JBTFD has worked great for so damned long. As far as my SPX spreads, a little bounce would work out well. 1/25/14
LevrageLevrage
JSTFB 1/25/14
...