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US 100 Index

September 23 - Week 3: Thoughts

By TrendLINEBoys
Updated
Still a defensive week. We will see what happens with the Fed Reserve stuff tomorrow.

Note
Note
We will see what happens come Monday. Right now (in my mind) the sentiment is very bearish, because these nincompoops did not want to form a strong base for the opening candle next week.

It is not as if the market can't go back up, but the price action does not currently support a strong move up.

At best, we open around 14,700-14,750 and can move up. We will have to contend with the resistance we have just added to around the 14,800-14,850 area.

snapshot
APPLChart PatternsDJIdoublehullmahullmovingaverageTechnical IndicatorsNDQNDQ100S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis
TrendLINEBoys
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