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Posted on October 20th, 2008 at 2:09 PM

Here we go. Looks like we have begun an upward rotation away from the S&P ($SPX ) 960 level. Below is a 5 minute chart. The key difference between here and Friday is the retest and hold leading to a higher low and higher high. This looks like good rotation for a bit of a bounce over the next couple days. Big level that 960.

Back to 960

Posted on October 21st, 2008 at 9:53 AM

The S&P is once again toying with the 960 level ($SPX ). Have a look at the intraday 5 min. chart. The more we can't get good rotation away from it to the upside the less and less likely it becomes. Still a good level to be bullish above and bearish below.

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S&P rotating away from 960?

Back to 960

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