Friday, May 2, 2014

Open Weekend Post 05/03-04/14 SPX /es

You know the drill, share the love and the knowledge.

Man, I've been harping on this all week. They have no room to fall and must ramp it or else, cause the falling blue channel leading into all sorts of major support just below is riding up their backside. I prefer down but fear up.

Minis 4hr - I could go for a triple top here at 1886. Neg divs are all over. I could really go for a top call here the way they are struggling for ramp action in this very nervous market.

Daily SPX -This chart is VERY bearish.

I'll update the chartbook this weekend and post some stuff as it develops.

Have a good weekend.

GL and GB!

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