FOMC Manana

Quote from duard:

From 3/06/06

Nothings changed. The pivots from last week remain 1273, 1280, 1286, 1291, 1300, and 1310.

I still maintain that a breakout above 1300 is in the works but a loss of momentum thereafter will set us up for the rolling several month bear market.

More...

Now I'm officially done with this thread.

GOOD LUCK
 

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We are just testing the previous resistance at 1295 that should now become support. I do not see the breakout from the inverted H&S failing at the moment.

http://finance.yahoo.com/q/bc?s=^GSPC&t=3m&l=on&z=m&q=l&c=


funny how we went from 1255 to 1295,

Then from 1270 to 1310.


Next higher high should be around 1330-1335.





Option interest indicates bears will have trouble getting us under 1290 with a move to 1330 possible in the next month.
 
Quote from volente_00:

We are just testing the previous resistance at 1295 that should now become support. I do not see the breakout from the inverted H&S failing at the moment.

http://finance.yahoo.com/q/bc?s=^GSPC&t=3m&l=on&z=m&q=l&c=


funny how we went from 1255 to 1295,

Then from 1270 to 1310.


Next higher high should be around 1330-1335.





Option interest indicates bears will have trouble getting us under 1290 with a move to 1330 possible in the next month.
More...



I hear what you're saying. As I said before I TRY to trade what I see. If we break up we break up. But I'm closing this thread down because I'm tired of listening to myself and running out of things to post.

Good luck and I'll see you on a different thread.
 
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