discombombulated thursday, page-5

RC, lol, yep, you can really learn lots of useful stuff at xjo university..

spx resistance levels: the spx downtrend line, worked out on an atr basis on hourly pnf chart, is currently 1386 which is also the broken support level from early january, so a figure to watch for. Spx also needs to hit 1404 to give a pnf buy signal, double top breakout. So, there should be another 1% or so left in this rally, at least, but it might not all happen in one move because spx has had three up days in a row now and volume has been below average on this rally.