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.

Action

Not much action just up one day down another, tight range! Now I am looking for some downside to the 1174 area where I expect some buying to come in, that's if the bulls have any intention to make a move higher. I think this is the scenario that will play out.

We will see soon enough