Market reading

1) In last hour trading yesterday, S&P bounce fade away after it touched 50 ma line on hourly chart.

    This is serious signal ( I didn't take action on short side since Russel 2000 didn't follow)

2) I had serveral posting touched the 50 ma line on S&P 500 hourly chart.

    Revisit this topic here:


    We had a serious of price swings recently, what is most important is not those swings themselves, but the 50 ma line.

   This line :

   up --> flat --slightly down ---> ....


   If this line turns further down, it will in turn to guide the price actions down

   This will be a good pivot  point  in our decision making ...

just ba la ba la ..

Good Luck!