Sunday brief, 15 August 2010
Fibonacci, Linear Regression, & Bollinger Bands.
Fibonacci, Linear Regression, & Bollinger Bands.
Last week the bears came out in droves, but I still stand by my previous assessment. The longer we stay above 1069, the more bullish we'll get and the more likely the uptrend can continue. A break below 1069 and I'll look for the downtrend to continue, with a test of 1010.
We still have a small open gap on the S&P 500 I'd like to see filled next week.
The week ahead <object id="cnbcplayer" classid="clsid<img src=" images="" smilies="" biggrin.gif="" alt="" title="Big Grin" smilieid="3" class="inlineimg" border="0" height="380" width="400">
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Take care and trade safe...Jason<object id="cnbcplayer" classid="clsid<img src=" images="" smilies="" biggrin.gif="" alt="" title="Big Grin" smilieid="3" class="inlineimg" border="0" height="380" width="400"><object id="cnbcplayer" classid="clsid<img src=" images="" smilies="" biggrin.gif="" alt="" title="Big Grin" smilieid="3" class="inlineimg" border="0" height="380" width="400"></object>
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