Reply To: THURSDAY 03/10/2013 SYSTEMS & INTRADAY

#969
Khalsa
Moderator
    • Topics 1069
    • Replies 11585
    • Total 12654

    Conclusion

    1698/1700 SPX needs to hold for this to remain bearish.

    Below 1680 SPX confirms it as bearish and will most likely lead to a low 166x.x print on SPX

    SYSTEMS and BDIP suggests a -5/-7 print tomorrow.

    I want to short for that but ideally at the resistance of 1687.25 /1689.50.

    I would normally short it here for sure overnight but due to newsflow, I am too worried to do so and never advise anyone to do anything that can affect sleep

    So in conclusion it shoudl go down but due to pollux can go up.  Therefore a short will only be a scalp still. If 1698/1700 SPX break up we could rally hard.

    Plan your trade, trade your plan!