Trades for Dummies

A simple approach to interpreting the stock markets moves and waves

Wednesday, June 12, 2013

The trend is down

We are en route to touch the recent low of 1,600 on the $SPX, which will coin side with oversold conditions on the hourly chart (probably tomorrow after the opening).

After that, we should have a bounce upwards, followed by another leg down to mid 1,500's.

Posted by Trades for Dummies at 5:36 PM
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Blog Archive

  • ▼  2013 (121)
    • ►  September (4)
    • ►  August (13)
    • ►  July (16)
    • ▼  June (14)
      • Reversal Day and Month We have confirmation on t...
      • Waiting for the market to turn lower again We ar...
      • Short term oversold The market has experienced...
      • Short term uptrend may be close to an end The ...
      • The trend is down
      • Trend down or reversal day
      • The trend is down
      • The trend is down The short-term upwards retrace...
      • Possible reversal day
      • Rebound yesterday+today after 2 legs down The ...
      • 1,600 target met As we have been advocating for ...
      • The trend is down $SPX touched a low of 1,607 ...
      • The trend is down Today's price action on the ...
      • The trend is down
    • ►  May (15)
    • ►  April (26)
    • ►  March (23)
    • ►  February (5)
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