RedRum3X

RedRum3X

Fib retrace and buy zone

RedRum3X

Once again, I showed you the dark purple resistance line prior. Notice that when we went over it in April we retraced back down. We are over it again and we are curving downward. If we cross it solidly I'm bearish .. its a good trade..if not we are bullish.

RedRum3X

Update on last s&p post... Please read the text...closing SOLIDLY above or below that wedge (no sell offs after hours) will determine direction

RedRum3X

Looks bearish still. Why? Yesterday we closed in lower end of purple downward channel, we closed under the 20 and 50 day MA and the channel is downward trend. Look at the behavior within this channel. If today are any day we close solidly above it will turn to bull, or else we are still bearish . This channel should guide you

RedRum3X

We have strong 2011 resistance line along the top shown purple. We broke that and close over it. We definitely getting back there. When ? Look for behavior in the channel drawn. That will show you short term where to go with it. If we bounce off the channel or tick up towards that 2011 line we are long, otherwise closing solidly under that channel look to go to...

RedRum3X

S&P Support and resistance lines and channels

RedRum3X

Just some support and resistance lines and some thoughts