Wednesday, October 31, 2007
S&P Update
The Fed news dropped the e-minis to 1533.75 where the bulls took over and rallied the market up to 1558.75 (so far). I think the implication of this action are bullish if we look ahead more than a week, but I also think the market is due for a 25 point break and that the 1564 level is likely to be resistance and the starting point of the decline. So the next trade I make will probably be on the short side.
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8 comments:
The blog has become totally confusing since you started talking about futures and cash spx levels in the same sentence with making it clear, I think the majority of the readers of this blog are not following futures and would prefer clear comments about the cash spx ranges
Carl:
Is your DOOMED HOUSE PATTERN NULL N VOID now?
Here's a vote in favor of futures commentary. I trade S&P futures and am an avid reader of this blog. btw, thanks Carl for all of your work.
Disregard anon 2:24pm's pleas. He is ignorant.
Carl I trade futures and your blog is clear to me. Keep up the great guestimates.
Thanks
Rob
Clear as a bell to me Carl.
Thank you,
Rob
Carl your blog is outstanding in it's new format, finally!!
I enjoy your blog a lot and indeed I would prefer if you could use the Cash SPX ranges instead of E-mini futures.
Thanks,
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