Browse Symbol Stacks: $SPX: SPX - Daily - 6.14.16.png

SPX - Daily - 6.14.16.png

SPX Daily. This is not investment advice.

Comments

007Dad-New Daughter-Inlaw:)007Dad-New Daughter-Inlaw:)
Do you think the SPX trend will hold today and this week? Curious...I guess this move has me skeptical to get back long yet...thanks for the charts Dink! 6/14/16
DimonDimon
OPEX week + Janet Yellen speech. May be :) 6/14/16
ClawsClaws
Dimon has a fair argument. But I have a feeling that this time may be different. But I've been thinking that for the last 16 years. 6/14/16
DinkDink
Dimon is right about OPEX week, that can change things, but there is a major inflection point here for bonds (high in prices, low in yields) and that may in turn put a floor under the market. I don't necessarily think the FED will raise rates tomorrow, but I think the market is underestimating the FED's willingness to raise rates. They may not raise them tomorrow, but I expect them to raise at the next meeting after this one. If they do raise it tomorrow, that would be awesome and would be a major surprise for the market. 6/14/16
DimonDimon
She will not raise tommorrow, exactly because nobody expect it. She will not raise in July, because of press conference absence. No tight untill September. 6/14/16
fibomanfiboman
I respectfully disagree.I am looking forwrd for 1920 6/14/16
fibomanfiboman
among other things lots of negative RSI div 6/14/16
DinkDink
The way I see it, if this level here doesn't hold, with a margin of error of about 20 points, then I'm with you on your downside target of 1920. 6/14/16
DimonDimon
sp500 can't be strong for long while all others (europe, japan, china) is in obviuos down trend. But some pullback highter from resistance is possible. 6/14/16
DimonDimon
take a look at $stoxx600, $dax, $nikk, $ssec, usdcny is about to break resistance - http://invst.ly/1w709 6/14/16
DimonDimon
But some pullback higher from support is possible. Sorry for my English :) 6/14/16
DinkDink
I am going long this morning, 6/16, at ES 2054 (Sept contract). No stop, but a move below 2040 will make me question the validity of the trade. Initial upside target of ES 2100. 6/16/16