Pages

Sunday, September 25, 2011

$SPX - Next Week

Some dips on Monday are possible.  In my view, the market may be setting up for a moderate bounce into September 28th.

The first week in October looks weak, but I am not overly bearish either.  I will outline the details, and will have further charts to come shortly.  As I mentioned earlier though, the current European crisis does appear to be heading into a climax, with fears to subside soon afterwards. 

10min Chart
  

10 comments:

  1. SLV hit the yellow trendline at $27.50. I think it should get a decent bounce from that level $31-32 SLV.

    I still do not think it bottomed though. After a good bounce it likely will come back down and overshoot that yellow trendline slightly.

    ReplyDelete
  2. GOLD DAILY


    http://img853.imageshack.us/img853/8296/golddaily5.gif

    ReplyDelete
  3. Good bounce so far for SLV. The future last night was a steal!

    ReplyDelete
  4. GOLD CIT's

    I have multiple dates starting today whcih lead into the red line on the chart which is the larger cycle......everyone is bearish, watch the move out of the hole here! joed

    ReplyDelete
  5. SPX found resistance at the white triangle line 1151.

    ReplyDelete
  6. Gabe

    what is your short term target for silver and gold?
    Thanks

    ReplyDelete
  7. JJG DAILY.............GRAINS


    http://img707.imageshack.us/img707/6904/jjgdaily.gif

    ReplyDelete
  8. Selling a tiny bit of my longs here. Cycle low chart that I posted on Friday is now good for 28 points up in the SPX.

    ReplyDelete
  9. Playing around with price and time. IF my cycle lows from Sept 22nd and August 9th can hold, then this could be the area to be watching next..

    http://tinyurl.com/3s77w2o

    ReplyDelete
  10. Gabe whats your outlook for the SPX?

    ReplyDelete