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No Decent Topping Setup Yet
Wednesday, August 29, 2012 20:20
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Some of you might be wondering why I’m still looking for a higher high on SPX here. The answer is simple. Without at least a hit of 1430, and ideally 1435-45, we don’t yet have a decent test of the 1440 area SPX pivot, and that makes any high here look like a short term swing high before continuation upwards. I’m looking for something more…
Ryan Mallory is the co-founder of SharePlanner Inc, a financial website devoted to Day-Trading, Swing-Trading (both long & short) and exchange-traded funds. Ryan makes a strong emphasis on risk mitigation strategies, trading transparency, and trader education – not to mention a great set of stock screens as well.
Be Sure to Check out Ryan’s Site at Shareplanner.com
2012-08-29 20:11:48
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