Today was a high volume up day versus yesterday. Volume was still under the 50 day moving average but it should pick up tomorrow if we are moving up. Price hit SPX 1261 which was close enough to the 1260 retrace lines I discussed yesterday.
Volume Buying Picks Up in the Afternoon
August 20th, 2008 No Comments
Tags: QQQQ · Square of Range · Volume
SPX Downside Target 1260 to 1248
August 20th, 2008 1 Comment
The Gann angles of the range from 2007-2008 and 2002-2007 point to SPX 1260 to 1248 as support.
Tags: Gann Angle Fan · Price Retrace · Square of Range · Standard and Poor's 500 (SP500)