Wednesday, May 26, 2010

SPX Put In a Bearish Dark/Red Candle With a Large Spike Today


SPX (S & P 500, http://bit.ly/i0nsT) Put In a Bearish Dark/Red Candle (close below the open) with a large spike today, see http://bit.ly/i0nsT. I'm looking for SPX to probably hit 1045 to 1050 early tomorrow, versus the 1040.78 cycle low yesterday 5-25, then, I'll look to day trade the SPX ETF SPY long (possibly a gap fill trade, if SPX gaps down at the open and plunges to 1045-1050).

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