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Archive for: May 2009

May 29, 2009

SPX Room To 920

Filed under: Stock Sector - 29 May 2009

It’s still a stock picking market, versus a trend trading market, as the SPX is still stuck rangebound.  SPX has potential up to the bottom of the trendline still.  If it does head there, I’ll be watching for it to …

May 26, 2009

SPX Head and Shoulders Pattern – 052609

Filed under: Trading Patterns - 26 May 2009

The SPX has carved out a head and shoulders pattern on the 60-minute chart.  A break below the 880 level targets 835.  We’ll see if the bottom trendline near 910, acts as resistance….

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