The huge Bear camp at 1100 (Fib. 50% retracement) on the S&P has stopped the Bulls 7 month advance.
A temporary top is now in place.
In my latest short video, I give you the next downside target for the S&P.
Even if the S&P rebounds, there is another pattern, a dark and evil pattern that could form and if it does, Katie bar the door.
This is a video you don’t want to miss.
More on this topic
(What's this?)
S&P 500 Candlestick Patterns
(Short-Term Trading, 12/4/09)
Sell! Sell! Sell! Everything Must Go
(COTs Timer, 10/30/09)
Thinking that the S&P 500 is on a downward path to 600, and Dow about 6000? You're in good company
(UnBiasedTrading (TM), 11/2/09)
Related Articles:
- Horrifying Secret Bear Camp Discovered Both the Dow and the S&P 500 have reached the feared 50% Fibonacci retracement level. This level activates what is...
- How Much Money Are You DYING To Make? We have all done this. It should be our goal to try harder not to do this in the future....
- Is Oil Headed Higher? I just went long DIG this morning. This is a longer term hold and sell the next time oil spikes...
- NASDAQ Running On Thin Air Shocker! Of the three major indexes–DOW, NASDAQ and the S&P 500, only the NASDAQ is running on thin air. What do...
- S&P 500 Wants To Punch You In The Face Bears are pissed as their Fib. 50% retracement on the S&P 500 camp is attacked. In fact, they want to...
