Sunday, September 11, 2011

Nothing Bullish

If we look at MACD we notice it is same area as Oct 2008 and Feb 2009 and ready to offer a sell
seen very clearly on the second chart.

Just a note of importance: If the Dax = the Spx at this level of Dax then Spx would be 950ish. This spread will tighten sooner than later. Here is a chart of Spx with Dax in black line you be the judge.

Remember it is triple witch this week.

Monday only we want to be long 1166.87 or short 1145.49 Spx Personally I expect much lower at 10:20 am. and go from there. ((S1 Friday =S4 Monday)) Decoder ring talk.