These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.When we step back and view the daily chart, it was a boring day, with hardly any movement. However, if we close in, we see extreme volatility, which is liable to scare traders and trigger their stops. That is exactly what the market wants to do.
As was suggested yesterday, 26 June, we witness volatility. Therefore, it is suggested to be very cautious.
I have added two zones for short term traders to be aware of. Tomorrow by mid day it is quite probable that we witness a short term bottom, and then a sharp rise up. We have three support zones since the last fortnight’s up move. Since the range is limited, we could witness bounces from any of these zones.
Plan your trades and trade happy.
3 comments:
didnt know u were so popular with latinos also ! haha.
hope ur sharp rise comes sooner than later sirji !
reg
ketan
hello dusant,
do u think we have a bearish setup which up have discussed on SPX500.
http://finance.yahoo.com/
q/bc?s=%5EGSPC&t=3m&l=on&z=m&q=b&c=
please confirm.
regards,
aditya.
hello dusant,
do u think we have a bearish setup which u have discussed on SPX500.
http://finance.yahoo.com/
q/bc?s=%5EGSPC&t=3m&l=on&z=m&q=b&c=
please confirm.
regards,
aditya.
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