SPX - Possible doji and reversal?
By Viewll - Posted on September 18th, 2009
Good morning,
Yesterday, the sellers took controll and we got a ''doji'' formation on SPX on daily chart. If we get a follow up on the downside with some volume, we will get a confirmed sell signal where we can expect decline upcoming days.
Furthermore, I got a chart from my broker regarding USDJPY. We recently completed a 3-drive formation since early summer 2009. This support the case for a pop on USDJPY next couple of days. Stronger USD favors weaker performance on equity and commodity.
In this matter, we are now going short on SPX (SDS) and also having some short exposure on commodities. Looking for a retest and gapfill on SPX to 1015 area.
Best regards,
Viewll
(2 votes)
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