Tuesday, March 17, 2009

SP 500 - Thanks for nothing! / Gracias por nada!



English-
SP500 - Has managed to close below resistance again, thanks for nothing. Notice the decrease in volume on todays up move. The volume has been decreasing every day on moves higher and increased yesterday on the move lower. This is a very dangerous situation as many are trying to figure out which way the market will go. A real break out should occur above the 805 level but until than a pullback is expected. To trade the pullback one can enter shorts below todays half candle (765 level) for targets of 720.


EspaƱol-
SP500 - Cierra por debajo del nivel de rsistencia de nuevo, gracias por nada. Tomen nota del volumen ya que es menos hoy en la subida que ayer en la bajada. Tambien el volumen ha bajado cada dia de las subidas y solo aumento en la bajada. Estamos en una situacion peligrosa ya que muchos estan tratando de saber para que lado va el mercado. Una ruptura real seria por encima de los 805, pero antes de eso se espera pullback. Para operar el pullback uno puede entrar ordenes para cortos por debajo de la media vela de hoy (nivel de 765) para un objetivo de 720.

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