Barker

The 100 and 200 Moving Averages are quickly coming into range

INDEX:SPX   S&P 500 Index
398 4 3
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gatorNic
2 years ago
I think oil keeps falling to low 50's, we blow through the 100sma, bounce somewhere near that 200sma/btm of regression channel. Will get that stochastic well into oversold.
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Trance-Man
2 years ago
So what actual number are you looking at to bouncr? I got VXX puts at close, so really curious, I think a bounce is do for a day or 2. Then maybe a drop further.
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Justiceisfalse
2 years ago
I have observed that the 100 and 110 are often good indicators. I'm looking for 1970-80 for a bounce
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Trance-Man Justiceisfalse
2 years ago
I keep hearing the bounce point is 1990, thank you, interesting day I am sure Monday.

You think oil will rebound upward, it's been hit hard many days in a row. I think it should, which is my reasoning for a bounce back higher on Monday for the S&P.
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