death cross

1077 Proves to be $SPX resistance again.

Posted by Investing Freak on June 09, 2010
Market Analysis / 27 Comments

Going into the open today 1077 was on the radar as a heavy resistance. It will now try to become a death cross of two averages i use that can be seen as the blue and red lines in the Special Investing Freak $SPX chart.

As for what happened today I decided it is best to sum it up using this image and text. (Click To Enlarge)

I bought Puts early on then called top of 1077 in a comment at around 10:50 with the top on the market coming at around 11:30 where I decided it was time to make true to my preaching and sell my calls. Sold puts at end of day and am flat for the next day opening so i can sleep well 😉

Keep checking the comments for latest news and talk and feel free to participate (dont be shy)

-K

Let’s just say

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