Freitag, 26. Oktober 2012

SPY some new lows

I`ve set 1400 as an important mark in the SPX. Now we`re almost there and i think we will hit this mark, for sure!

Well im today also bearish on the markets and thats why im short. I use just a simple inverted Fibo Fan and some trendlines. Additionally some comparisons and other small indicators. And of course.. the market behavioral rules. The market wont be able to turn until Wednesday (Politics), if we dont get a flashy low..

What means a flashy low for me. I want to see a hammer and a trendturn-indicator.. If i dont get it i may go again short on monday.. But i dont stay short over the risky!

My target for today is a bit lower than 140.00