Pop and drop

OK we failed the initial pop, and failed to get above the 55ema, which were my reservations on the Buy Signal on Friday.

Futures are down 9 at this moment and if we fail to recover today, then another low may be required. Maybe test the prevous lows – 1926 and/or 1905.

Watch to see if we find some kind of support on one of the rising lines from the Oct 2 spike low, or Not.

Chart of S&P500 for 7 October 2014

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *