Wednesday, December 19, 2012

I think it is still uptrend. Levels to watch ES 1436-1430

Dow and S&P 500 really starting to fade after the crazy yesterday. S&P 500 has now given up more than half of its gain from yesterday. I am guessing it is still uptrend, but I want to watch 1436 and 1430 levels for safety. If 1430 cannot hold, I will stop myself out.


I will be on vacation next week. As usual, I don't want to keep positions open.

ADD:
I saw the following charts from the corner

Even though we share very similar view on couple stocks, I have to tell


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