Update on Charts

Written by j0sh1ngU
November 23rd, 2009at 4:28 pm

My system gave a gap down, but before I get real bearish I need to see market gap down below 1093 SPX. I dont see that happening tomorrow. So if tomorrow gaps down it will likely be range bound to a doji. The character of today’s move and lack of follow through has tremendous meaning and is a plus to the bears.

SPY- gap down and 110.25 key opening levels.
spy

OSX- needs to open below 190.63 and 188.45 be super bearish
osx

RIG- needs to open below 83.5
rig

Categories: Charts , Markets

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