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[Previous entry: "S&P intraday support."] [Main Index] [Next entry: "S&P 30 minute channel."]
11/12/2003 Archived Entry: "S&P setup for today..."
Click for intraday chart.
The attached chart is 30-min S&P.. The red line is a support line that I placed on the chart and posted here on Monday. That support is holding very well.. These predicted support levels are valuable tools for trading, check back here for updates.. The blue line is an intraday resistance level (SK). OK to trade long above that line and short below the red one.. Until the market takes out one of those, it is chop and slop (whipsaw) consolidation. -Neal.
Replies: 1 Reply
I hope you traded the chart as I said!! Long above the blue line... Look at how the market jumped from there! (See chart in next post on Thursday 13th Nov).
Posted by FibMaster at 11/13/2003 07:35 AM PST
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