thanks,
R1 rejected, Yesterday's close next, then PP , then S1, then Yesterday's low?
today is the last chance for the bears to take control for some time, or we go even more parabolic up to 1160
EUR/USD is selling off a bit, so...
LC, wouldn't other players eventually step in? it's not exactly in Europe's interest to have strong EUR, why would they let US to take USD down all the way?
what about lowry research and 90% volume days? He seems to have pretty good track record.
http://www.tradersnarrative.com/lowry-research-on-current-market-conditions-2082.html
A Golden Cross is when the 50-day moving average crosses above the 200-day moving average on the S&P 500, and this occurred on 23 June.
ML reasearch indicates:
Since January 1928, the S&P 500 has generated 42 Golden Cross signals that have on average preceded a 12-month return of...
can't we fill the gap and continue a down move? I thought that market doesn't like the vacuum, so for a big down move to materialize, it' better to fill the gap above?