howdy strangers
i am unable to offer you any charts this evening. my ole friend photobucket seems to be down for maintenance.
last night was my first trade since early february. sad, but true.
it was such a lovely experience that i briefly wondered why i decided to return to full-time employment.
fwiw - i have daily resistance on the spx sitting at 1089.6 (one of my favourite moving averages - which has been in play for the last five trading sessions). if the spx can break above, it would be short term bullish with a run to 1110 a possibility (1hr, 4hr and daily resistance according to my little collection of m/a)...with 1118-20 being weekly resistance.
however, that weekly chart sure does look evil. the bull have to wish and pray that approx 990 holds the downtrend or we have something that is very reminiscent of the 2008 market collapse in play.
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