Monday, March 26, 2012

S&P500 - As you wish, Your Highness...


One close under 10 days e.m.a. gave me some hope, as I was short, for a test to 22 days or even 50 days e.m.a.
It looks like we have more to run before I can get my (decent) pullback.
S&P500 can easily touch 1432 this week, as long as price keeps above 1400...



I am not going to trade a straight up move to there, so I will be waiting for some kind if consolidation here, to get in.
To sell this, S&P500 must be under 1407.75 (ES_F 1401/2), and the hourly chart must support a clear setup (as in previous plan)...

VIX is trying to tell something around here, but one should first listen to price, as it is the one who rules, the King...  





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