Tag Archives | Pivot point

S&P - US SPX 500 Futures (15 Minutes) August 17, 2013

S&P will finish lower for the second week in a row

Energy: Crude oil has gained the last six sessions lifting October futures to their highest close in 13’ as we are fast approaching the 12’ highs. I see little gas in the tank and have advised aggressive clients to establish bearish trade anticipating a trade back to the 50 day MA in the coming weeks, […]

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S&P Game Changer

Could a breach of the 50 day MA (dark blue line) at 1610 today be a game changer? As seen on the chart below that level has acted as support an all attempts in recent weeks. I am a believer that a settlement under this pivot point confirms an interim top and we are preceded […]

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Bonds triple top in the making

Energy: Crude oil got back nearly half of yesterday’s losses higher by just better than 1% as of this post. Prices are back above the 8 day MA which should continue to serve as a pivot point. At this juncture I am neutral on Crude oil as I think prices could go $3 in either […]

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