sum1
Short

S&P BROKE SUPPORT

SP:SPX   S&P 500 Index
******DAILY CHART ONLY******
============================
S&P             BROKE SUPPORT. WE CAN GO SHORT NOW FULLY LOADED.

The RED RESISTANCE LINE WAS CREATED FROM 2 TOPS: ONE FROM 2015 MAY HIGH AROUND 2134 AND TOUCHING 2016 AUG HIGH AROUND 2190.

The green line STARTED FROM 2016 FEB LOW AORUND 1810 AND IT TOUCHED THE NEXT LOW OF 2016 JUNE AOURND 1990. BUT Todays             OCTOBER 13 LOW AROUND 2114 ACTUALLY BROKE THAT RED/GRENE TRIANGLE.

SO S&P             IS NOW IN BEAR MARKET!!!!
May I ask if You have any idea about Natural Gas ? Thanks.
Reply
sum1 ahmetnmsl
Well Dear, Honestly I don't have any idea as I don't trade natural gas. But as a technical analytic or Chartist, I will try to put a chart tommorow if I can. I am out of office now just reply via cell. I need to see what the NatGas price is saying to give us any direction/prediction. Though don't buy my chart as I have been wrong many times but I don't quit sharing my thoughts with others though ;)
Reply
Thanks for the insights. I am also short on US30/Sp500.. but I also have natgas trade.. To give you a quick overview maybe my chart would help you.. Thanks for your time again.
Reply
sum1 ahmetnmsl
I have my chart ready; don't know how much it matches with yours:

Reply
nice analysis thanks.
Reply
sum1 ahmetnmsl
U r welcome :)
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