Sean K
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Google technical analysis flag and pennant.
http://www.incrediblecharts.com/technical/flags_and_pennants.php
Google technical analysis flag and pennant.For those of us that are quite illiterate about technical analysis can you please take a little time to write a sentence or two of narrative to explain what you are showing with the chart? .
I can't post a chart right now but that was absolutely absurd into the close for the SPI futures.
They swept it down like 50 points right on the cash close lololol.
Does option expiry have anything to do with this?
My guess is a whole bunch of fund managers selling for the quarter? Huge MOC selling? Could be a serious bearish signal?
All just speculation of course
My guess is a whole bunch of fund managers selling for the quarter? Huge MOC selling? Could be a serious bearish signal?
All just speculation of course
I can't post a chart right now but that was absolutely absurd into the close for the SPI futures.
They swept it down like 50 points right on the cash close lololol.
Does option expiry have anything to do with this?
My guess is a whole bunch of fund managers selling for the quarter? Huge MOC selling? Could be a serious bearish signal?
All just speculation of course
I can't post a chart right now but that was absolutely absurd into the close for the SPI futures.
They swept it down like 50 points right on the cash close lololol.
Does option expiry have anything to do with this?
My guess is a whole bunch of fund managers selling for the quarter? Huge MOC selling? Could be a serious bearish signal?
All just speculation of course
Hi CanOz, In the original 'Trading the SPI' thread we covered this topic. (approx. 8 years ago now)Sounds like a trading system in that Kid...End of Month...
Hi CanOz, In the original 'Trading the SPI' thread we covered this topic. (approx. 8 years ago now)
Hi CanOz, In the original 'Trading the SPI' thread we covered this topic. (approx. 8 years ago now)
SPI not closed just yet our kid.
End of month 'Sell Off'
5000 contracts. Phew!
Did you get any of it ?
Fundies don't do that. hedgies on the other had......
Not exactly sure, early we think kid.
The thread was actually started on 13th July 2005 at 07.31 AM
It looks like the support line isn't holding and we are still trending down. Off shore investors taking their money and going home, the US economy supposed to be improving and the threat of Quantative Easing being scaled down. The chart doesn't go back far enough to show the next support level. I would be interested to hear opinions as to how long this correction will last and how low it may go.
View attachment 52580
Yep fair point, wasn't so much the players involved so much as me speculating on what had happened.
I would be interested to hear opinions as to how long this correction will last and how low it may go.
Hi Nulla Nulla, you can extend the time period on the upper bar of your chart where it says 'display periods'.
Anyway it appears you were suggesting around the 4600 level, I think you got it right. Pulling right back to 2005 I can see a potential support/resistance line running to the 4600 level. I have added a short term rising support but as I said on my chart I doubt it will offer a whole lot of support.
View attachment 52583
Classic technical setup.
Click to expand
View attachment 52514
These are little gems for position traders.
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