Tuesday, July 30, 2013

Yearly R1 stopped CL oil rally

I tweeted this chart last week when CL was at $108+ to be careful buying up, and to look to short on a break of the 9dma.

no change from last week

Market is waiting on the Fed. We should see a breakout or break down on Wednesday. If we do breakout to the upside look for next resistance at the yearly R3 pivot at 1725 on the S&P.

Monday, July 22, 2013

Indu still resistance at YR3

I'm not sure why the data is differant but when I use Bigcharts.com data it shows the Yearly R3 pivot at 15,570 vs Yahoo dat whicj shows it at 15461.

Sunday, July 14, 2013

Will we make new highs?

Until we close above the May 22 high, we have the potential for a double top reversal. If we do close higher look for resistance at 15722(MR2) pivot or Woodies yearly R3 at 15785.

Thursday, July 11, 2013

Possible double top at YR3

Wednesday, July 10, 2013

Tuesday, July 2, 2013