a rally is on, page-53

did anyone else notice that the spx closed at the 34 exp. m.a. this morning? the very same m.a. that capped the last rally high in early feb. on the spx.

will the 34 day ema it work it's magic again (which is also a few points shy of my trendline cap the move on the 13th.). if we manage to break through these two lines resistance, i still can't see much upside beyond that at the moment. the 55 day ema, which has capped significant rallies in past bear markets currently sits at 1393. the top of the bollinger on the daily and weekly also sit at about 1400.

i still favour early march being a low ....but i'm not totally committed to that either at the moment.....i hate feeling uncertain so i'm scalping when i can at the moment and haven't held a possie overnight since saturday morning.

cheers all.