daytrades feb 25 pre-market, page-12

Thanks Aksier for your comments.

Just wanted to post this SPX chart as it has now updated, I had originally thought that the price had made it down to the support line (and 50 SMA) but as the chart shows it didn't. Probably the reason why the index didn't finish green IMO. I am thinking another down night tonight for both DJIA & SPX to bounce off lower support ? Only problem with my theory is that the DOW would have to be off approx 200 points from last nights close to hit the support line so with that in mind I think a little more downside to come in the US which should also send the stochastics into oversold.

Not sure where that leaves our market as the XAO is on important support atm, we have factored in a lot of downside recently (more than the US) so perhaps the price will stay above support today and resume up on Monday after the US puts in a clearer reversal? Lets see lol


SPX



DJIA