Squawk / 16 October 2016 at 6:32 GMT
Concerning the SP500.I (US500.I) we can see the pivots at work. Were last Thursday's low to fail the targets outlined last Tuesday would come into play.
16 October
fxtime fxtime
VIX (only) suggests we may have a contra rally first before a resumption of the downtrend. But the rally if any will be contra trend and a lower high.
16 October
Johan Berntorp Johan Berntorp
Thanks for input...you had an article displaying a short sale which eventually took us down to the lows in Feb 11...similar setup now upon breach of 2 118ish wouldn't you say?
16 October
fxtime fxtime
I can see why you say 2118 but I am looking for 2095!!
Great stuff of yours Johan...thx for posting :-)
16 October
fxtime fxtime
Any rally/recovery above 2150 and i will short down to 2095 and trail. The break of 2118 could cause a strong move though hence the ''trailed stop'' suggestion.
17 October
DudetteUK DudetteUK
Thanks for the levels fxtime and Johan. It seems that it is going to be an interesting week

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