Areas to watch

I am back but this cold weather has gotten me sick. Rrrggg hate this time of year I am always sick.
Anyways current upside target range in the market is 1243- 1286. I will assume any trade in the upper area of this level will trigger some sizeable selling. Also it should be noted that we have small divergences setting up and these area I would take profits if you are long.

Gold has taken a slight pullback but I think it still goes higher. Anyone seen silver, that's what you call a lagging play!!

Still away but!!! Bingo

Bingo Bingo Bingo on those areas to watch as we bounced hard off them. That's how it goes, you got to use support points and buy and sell at resistance. 9 out of 10 time it will yield a nice play.

Still traveling be back soon

BINGO AGAIN!!

Bingo Again on that call of 1174. Low of the day and it provided a low risk by for over 10 S&P POINTS!!!!
Now that we have tested the two areas the bulls must now prove their worth and take it higher.

1174

Ok note where is today's low so far. The 1174 mentioned last week on the blog. It is not nothing special that I noted the 1179 area where we made a massive bounce last week and next the 1174 area. Now this area is highly significant for the bulls and must hold it on a closing basis.
I will be traveling for the rest of the week so the blog will be dark. Any areas I think are important I will update.

BINGO !!!

Note where we closed yesterday- Just amazing the manipulation

Note

Note the area where we have bounced off in the first hour of trading: 1179.75. What did I say about 1180 in the last post. Bulls have this as their marker and a close below will weaken their cause especially if we make it to the the 1174 area.

We will see soon enough

Action

1182.50 was the overnight lows if we break that during the day time trade look for a quick flush to that 1174 area mentioned yesterday. I think that's the magnet on the downside. 1180 area is also closing number for the bulls to hold onto their bias-

We will see soon enough.