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Bearish Signal already shown

Hoho. The market really move to the downside like what i said in my last post. Negative news yesterday make every investors panic and doubt the economy recovery this year.


From Daily Chart, we can see that Index S&P 500 already violate the SMA 50, its not good for the bull.

spx intraday

From intraday chart, we can see that sellers dominates in opening and closing hours of the day. This is the first bearish signal to aware.

My View : Be ready for couple of short position trade (Buy Put Option), i will post my trade later.

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  1. Jenny
    June 24th, 2009 at 02:06 | #1

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  2. June 24th, 2009 at 20:26 | #2

    Hi there,
    Super post, Need to mark it on Digg

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    June 26th, 2009 at 00:31 | #3

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