30 minute chart triggered a short term SELL signal at 1333 on Friday 8th April. Bear targets are 1323 (08Apr), 1305 (Mar29) and 1284 (Mar23). A similar pullback as seen in Aug 2010, could see the S&P500 pullback to 1284 by Monday 25th April. The clue will be the market holding above the pivot at 1313 early next week. Last 30 minute SELL was triggered on 9th March at 1320. The market continued to fall another 71 points over the following 5 days. Bulls will see a bounce of the Daily 50ema (1307).
BUY 1305 TARGET 1360 STOP 1290
SELL 1333 TARGET 1284 STOP 1348
BUY 1305 TARGET 1360 STOP 1290
SELL 1333 TARGET 1284 STOP 1348
New_Sparky,
ReplyDeletePlease can you confirm what a short-term sell is compared to a long-term sell?
I presume using your blog, that the 10ema>50ema on the 30min chart. (Short Term)
5ema>10ema on the daily.(Long Term)
Do you use Elliots to spot the short/long term buy/sell signals?
I must say i always read your blog and find it very hepful and informative.
many thanks
Abacus.