Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
Once Again, My Resistance Level Was Right On The Money
June 18th, 2009
Honestly, it sometimes feels like I’ve been too right with these daily targets for the S&P, but when they are so clearly defined as they are now, I cannot help but continue to point out how helpful and useful they are. I mentioned this morning and last night that if we saw a rally today it would move quickly to 920 then stop at resistance. From the chart below you can see once again that’s exactly what happened today. We opened up hard-ish then the bullz got slammed by that 920 resistance level…amazing how technical analysis works huh?
Here is a little gem I ran across looking at today’s top gainers on the NYSE. The candle pattern is a pretty big bullish engulfing pattern which volume to support the move. I would expect a move to the next resistance line in black before it needs to make a breakout.
Grab This Feed *** Friend Me *** Follow Me
Today's Live Market Quotes & Charts
| NASDAQ | 2778.79 | ||||
| S&P 500 | 1295.22 | ||||
| ^TNX | 1.70 | ||||
| ^XAU | 147.76 | ||||
| ^XOI | 1102.97 | ||||
| USO | 34.43 | ||||
| TBT | 16.38 | ||||
| XLB | 32.77 | ||||
| FAZ | 28.67 | ||||
| UDN | 26.68 | ||||
| EEM | 37.29 | ||||
| IWM | 74.69 | ||||
| EEV | 33.69 | ||||
| IWB | 71.81 | ||||
| DIG | 37.49 |
***Make Money Trading Your Own Account***
The Bullz And Bearz Trading Archives
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008