Thursday, April 12, 2012

4/12 - L-red, S-yellow

  • main indexes hit my target resistance but after watchlist scan, i think we are going higher and this resistance will not be strong...just a sucker resistance
  • again i think we are going higher but if my resistance is correct, which it might still be, its still a horrible time to go long here...and short is bad because i see no good trade patterns, not even for paper trades


SPX - resistance...end of pullback?


SPY - level is perfect



DIA - same resistance


NYMO - not oversold anymore


QQQ - no resistance, pushing evidence


XLF - resistance as well



BA - watchlist scan tells me longside might just be getting started, not over...


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