We got the bounce off the 200SMA as expected. Next possible resistances would be 908,910and 919 we should get a short live kick then market should go down with head.
S&P500 in short term: neutral to partial overbought
S&P500 in intermediate term: extremely overbought
S&P500 in long term: oversold to partial neutral
If S&P500 could hold above 919 for 2 days or more it would be very positive for bulls, but I doubt it has enough steam to hold above 919.
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2009
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- S&P500 Overbought/Oversold Status (July 30th)
- Tehran Demonstration July 30th
- S&P500 Broadening Top Pattern (Part 2)
- Weekly Jobless Claims
- Is Dow Jones at top? or this is a bear trap?
- Hope is not a strategy
- Over Look At 2000-2003 Bear Market
- S&P500 Resistance:
- We believe
- S&P500 Overbought/Oversold Status
- SEC makes temporary short-selling rule permanent
- Solidarity with Iranians
- S&P500 Broadening Top Pattern
- Inverted Head and Shoulders Pattern
- S&P500 Second Quarter Earnings Outlook
- Emails respond
- S&P100 TECHNICAL CHART
- NASDAQ Possible Moves
- Break Out Or Fake Out?
- LIBOR Chart Update
- United States Natural Gas Fundamentals and Technic...
- LIBOR OIS Chart July 17th
- Hundreds of thousands of Iranians rallied in streets
- Significant Of 943 Resistance In S&P500
- S&P500 Mid-month Update July 15th
- Bull Trap Scenario Part III
- Bull trap scenario is working
- Ahmadinejad Cartoon
- S&P500 In No Man's Land
- Incurable Bulls
- LIBOR OIS 3M Chart & Ted Spread Chart
- 20 Year Treasury Bond Technical Chart
- Alcola Inc Earning Could Shake The Market
- S&P500 short term resistances
- Mullas has filtered Twitter
- NASDAQ is at critical level
- Technical Analysis Works
- S&P500 Possible Moves In July
- Happy 4th of July
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- I’m a financial analyst. I'm a bear. I use fundamentals and technical analysis in my investments. I’m a big supporter of the Austrian School of economic thought, but at the time of crisis I believe Keynesians get it right. I always have an eye on macro & microeconomics, I’m a contrarian analyst. Be advised that the views and opinions expressed here are subject to change based on market, economic and other conditions. They are the illustrations of broader economic themes and in no way guarantees your profitability by trading Securities mentioned. I do not claim or guarantee that you will profit from the information provided. I will not be held responsible for any investment actions that you take as a result of Securities mentioned. I’m neither your investment adviser nor your financial broker. Consult with your broker before start to trade any securities. Futures and options on futures trading involve substantial risk and is not a suitable investment for all type of investors. The information given is intended to be an aid to your own investment process, and your investment actions should solely be based upon your own decisions and research.
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