Traders Corner   5 comments

The only thing different about the S&P 500’s technicals today is the Bollinger Bands, with Friday’s close right at the top of them. While the S&P 500 can still go up, and the futures are pointing up, it will be a slow trudge. Don’t expect any 3% up days here.

The S&P 500 levels to watch today:

UPSIDE: none.
LAST CLOSE: 1804 (top of the Bollinger Bands and the all-time high).
DOWNSIDE: 1802 (November 18th’s high), 1797-1798 (2 data points), 1794-1795 (3 data points), 1790-1791 (2 data points), 1788 (November 18th’s low), 1782-1784 (3 data points), 1780 (November 14th’s low), 1777 (November 20th’s low), 1773-1775 (3 data points and October’s high and the 20 day moving average), 1770-1771 (2 data points), 1764-1768 (5 data points), 1760-1762 (3 data points), 1752-1755 (2 data points), 1746-1747 (2 data points), 1745 (bottom of the Bollinger Bands), and 1734 (50 day moving average).

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Posted November 25, 2013 by edmcgon in Daytrading, Investing, Market Analysis, Technical Analysis

5 responses to “Traders Corner

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  1. Great news today, GA, which is about 3.3% of my portfolio! has spiked up over 12% today. They received a bid from their chairman today to acquire the company at 11.75. The stock has spiked today to $11.39. This is my second Chinese company (RDA was the first) that has received a buyout bid this quarter. I have no plan of selling and actually think they are worth more than that.

  2. Ed,

    When and at what price will TC find support?

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