Wednesday, March 12, 2014

wedn


920
ES trading about 8 points lower. gap down in SPY today was expected.
also, gold is trading +18 higher, also expected, GLD gap UP this morn, good also for NUGT GDX GLD

this is what i posted yesterday:

it would be "better" if 4pm sys does NOT give an exit today, and if SPY closes right on support 187.00ish it could be bearish and gap down in the morning.

if its a big red daily candle, and that candle closes near a support level, its easy to break support and continue lower via a gap down. closing on support on a big red candle is potentially very bearish, swing perspective

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".

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