SPX
Pivot Point: 2910.43 (65 day EMA)
The long-term trend is considered Bearish when SPX is below the 65 day EMA
Our view: Short positions below 2910.43 (65 day EMA)
Comment: SPX remains Bearish below the 2910.43 level
Alternative scenario: Above 2910.43 SPX becomes Bullish, expect further upside to higher levels
Trading Methodology: Triple Screen Trading System by Dr. Alexander Elder
www.spiketrade.com/about/elder.php
Pivot Point: 2910.43 (65 day EMA)
The long-term trend is considered Bearish when SPX is below the 65 day EMA
Our view: Short positions below 2910.43 (65 day EMA)
Comment: SPX remains Bearish below the 2910.43 level
Alternative scenario: Above 2910.43 SPX becomes Bullish, expect further upside to higher levels
Trading Methodology: Triple Screen Trading System by Dr. Alexander Elder
www.spiketrade.com/about/elder.php