Posts Tagged ‘inflection point’
Posted by StockRake on January 29, 2009 in Gold Stocks, Leveraged ETFs, Leveraged Funds, Market Comments, Oil Stocks, Technical Analysis, Trades
SPX Below 850, Another Inflection Point
Broke below the pink line, but will we rally off the break or have continuation? Friday’s are exclamation points on the week and I’m now short the RUT and SPX looking for it to end down. It is going to require a very large day tomorrow range wise to turn most charts based on the …
SPX Trendline Support and Resistance
SPX is right around some major inflection point, but both the RUT, and the COMPX have considerable upside room which makes me think we are going to see the SPX break this trendline to the upside. After the break I think it will selloff to test the line causing a break even for the week …
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