I posted this the other day. Was deleted.
2,546 Posts. 313
15/09/2112:01 Post #: 56085941
" I think looking more macro for direction is way to go at present.
SPY has had four red days in a row. Previously then 50sma has acted as support and bounced from it. The velocity of this move to the 50smn is different. Once the 50 has been hit or broken, I expect a move higher creating a bull trap before moving lower to 436.23 area.Also there is an important FED meeting on 22nd SEP.
The moral of the story, keep some cash aside.
SMN - Chart, page-2536
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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2 | 30950 | 0.405 |
1 | 37000 | 0.395 |
3 | 13560 | 0.390 |
1 | 2000 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 11948 | 4 |
0.425 | 25000 | 1 |
0.445 | 1391 | 1 |
0.450 | 2000 | 1 |
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