Thursday, June 10, 2010

SPXU_240m Trading Model - Part II

Below is follow-up view of the SPXU_240m Trend Model

Two scenarios are operative. 

First, a retrace to trend line support before another leg-up. 

Alternatively, a breach of trend line support suggesting lower prices for SPXU and higher prices for equities. 

SPXU 240m Trend Model (7, 4.0)


Anonymous said...

Let's hope for the latter scenario.

Anonymous said...


BP may go to zero if the following information are correct:

They say its leaking minimum 5 million barrels /day and pressure from the well is 20 - 70 thousand bps. They do nothing about it. Nuclear intervention could cause even more dangerous spill. There is huge quantity of poisonous organic components leaking to the water and atmosphere. I wish all information are just not true.


Anonymous said...

How many times does it have to cross the trend line? Just once like today or do we need another day on the long side of the trend line?