Markets overnight are mixed .
Asia down
Europe up
waiting for home sales reports
Es futures flat
I expect a narrow range day .
there has been one penetration and one touch of the extreme Bollinger Band in the past two days on the 2 hr SPX chart suggesting a flatting out of price action for next 7-16 ....2 hr bars...
my plan today is to scale into spy up to 108 and exit at or below 106.50 down to touch of gap 106.00
Showing posts with label Bollinger Band. Show all posts
Showing posts with label Bollinger Band. Show all posts
Tuesday, October 27, 2009
Market TAO Tues 10-27-09
Monday, July 27, 2009
Pre Market TAO Mon 7-27-09
Es Futures over night traded sideways H 982 to L 875.
Spy looks set to open flat
US dollar is down
Gold / Oil up
Treasur yields up
75% SPX is above 200 MA
Tape Looks Mixed leaning Bearish On earnings reports which continue to show large declines BUT ! some how beat street expectations ...So I guess that is..... ok? I think this week will tell us which way MR. Market is going to take us. I think we may consolidate in this area for a few days.
I published an Article on Extreme Bollinger Band Deviations with Boston Wealth Management
take a look.
http://www.bostonwealth.net/2009/07/25/bollinger-band-third-rail-deviation-spx-analysis/
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