Tuesday, April 9, 2013

GOOG, SPY + ES and GS Technical Analysis

 Staying competent, market has potential to squeeze higher if prices continue to remain above key support levels. Don't get trapped, stay nimble. Try to keep bias out the door.

GOOG: Minimum $25 downside swing is considered reached. Bears did great, we're a bit oversold on hourly now. Intermediate trend is still down, next major supports are 757 and 100 day SMA. See charts:





SPY: Fast and furious rally, looking to fade this fake bounce when price confirms in real time tomorrow.


ES: Very clear setup for both sides, bears must fight back or else new highs incoming.


Goldman Sachs: Waiting patiently to strike