jgunter's - shorts bbq - thursday, page-92

Gee whiz I'd like to play tennis with Mihal and Biggsies tennis buddy. Or any other games shes up for. Anyway no crayon drawings from me today, some charts of the SPX, looks like we might be running into some resistance here, maybe fib level retracements are next target. Nice to see some mention of bonds, as it does have a real impact on the sharemarket as an alternative place for the big money to be parked.

So, SPX 4hr, I just fitted the very left bar as Aug 9 low, and a lower low 4th Oct. The prior tops are the resistance now. They may make the shorts sweat it a bit longer (a few days), but I doubt they break the prior tops without a proper retracement first.

ES mini with open interest, still looks like similar buying into 09 lows. Would suggest to others when looking at volume in indices the ES should not be ignored.

Shanghai Composite got close but no cigar on the trend line (linear chart). About another 80pts lower should do it.

And last chart from me today, a look at the inverse relationship between the US 30 yr bonds, and the stock index.