Daily S&P 500 INDEX TRACKER

[ananda77]

www.invetrics.com:- data point 08 February 2010

(may adjust at market Open)

www.stocktiming.com: -data point 08 February 2009-

cash -data point 22 January 2010-

Trader Update -data point 08 February 2010:

...the SPX 500 is extending a corrective bounce up that started Friday 5 in late trading and appears to be headed into the *1073/*1080 range short term; at the time of writing, the index has already reached an intraday High *1070 where some selling became apparent

...failure in that range would set a new down target in the *1030/*1017 range, the Oct/Nov 2009 Lows with potential to reach down to the Aug 17 Low *979

Long Term: THE BEAR

[ananda77]

...quick update on the GO...

*1073/*1080 appears to be firm resistance and the lower end of the range *1073 -if failing as support- would signal another sell-off is imminent; would not want to be in a long position below *1073 -more sometime later-

Kind Regards

[peat]

a couple of days after the hammer and we get a morning star engulfing pattern, possibly the best sign of a turnaround yet. not that I'm overly bullish, its not a huge number of points.... but its perhaps a warning that the bounce may not have fully played out yet. (And that there may be better times to add more shorts)

[ananda77]

www.invetrics.com:- data point 09 February 2010

(may adjust at market Open)

www.stocktiming.com: -data point 09 February 2009-

cash -data point 22 January 2010-

Trader Update -data point 09 February 2010:

...the SPX 500 extended a corrective bounce up that started Friday 5 in late trading and headed into the *1073/*1080 range today before reversing to a Close below *1073 the low limit resistance of the Feb 4 congestion

...intraday trading was well supported around the *1060 level and as long as this level remains supported the market tone would be favorable to carry the index towards the Jan 22 congestion *1110

...failure in the *1060 range would move the index to the Feb 5 Low *1044 initially with sharp rebound potential to set the index up with a double bottom to go for the Jan 11 High *1151; penetrating *1044 would signal continued bearish potential with lower Lows ahead

Long Term: THE BEAR

[ananda77]

www.invetrics.com:- data point 10 February 2010

(may adjust at market Open)

www.stocktiming.com: -data point 10 February 2009-

cash -data point 22 January 2010-

Trader Update -data point 10 February 2010:

...a brief display of weakness, had the SPX 500 severe the *1060 support with an intraday Low *1059 so far and the current ongoing attempt to push higher into the *1080/*1090 congestion appears laboured with a down bias remaining

...failure in that range would indicate a readiness of the market to sell off down to the Feb 5 Low *1044 initially with sharp rebound potential to set the index up with a double bottom to go for the Jan 11 High *1151 (??eventually??)

...penetrating *1044 would signal continued bearish potential with lower Lows ahead

Long Term: THE BEAR

Kind Regards

[ananda77]

www.invetrics.com:- data point 11 February 2010

(may adjust at market Open)

www.stocktiming.com: -data point 11 February 2009-

cash -data point 22 January 2010-

Trader Update -data point 11 February 2010:

...the SPX 500 overcame early weakness with *1060 support holding so far and the current ongoing attempt to push higher into the *1080/*1090 congestion appears ongoing; there should be enough strength above *1071 to trade into the range short term

...failure in that range would indicate a readiness of the market to sell off down to the Feb 5 Low *1044 initially and penetrating *1044 would signal continued bearish potential with lower Lows ahead


Long Term: THE BEAR

Kind Regards

[ananda77]

www.invetrics.com:- data point 12 February 2010

(may adjust at market Open)

www.stocktiming.com: -data point 12 February 2009-

cash -data point 22 January 2010-

Trader Update -data point 12 February 2010:

...the SPX 500 overcame early weakness with *1060 support still holding so far and the current attempt to push higher into the *1086/*1094 congestion appears ongoing; there should be enough strength above *1061 to trade into the range short term; considering market internals however; there is big risk out there that *1060 support is on its way out...

...failure in that range would indicate a readiness of the market to sell off down to the Feb 5 Low *1044 initially and penetrating *1044 would signal continued bearish potential with lower Lows ahead

Long Term: THE BEAR

Kind Regards

[Phaedrus]

[ananda77]

www.invetrics.com:- data point 16 February 2010

(may adjust at market Open)

www.stocktiming.com: -data point 16 February 2009-

cash -data point 22 January 2010-

Trader Update -data point 16 February 2010:

...after the SPX 500 successfully held the Jan 11 Low *1061 as support last Friday, the market rallied up today to test the *1090/*1097 range as expected; the institutional index of core holdings remians in a downtrend and liquidity inflows (Fed/Foreign) remains in contraction territory so far; risk is high for the market to continue its negative bias

...failure in that range would indicate a readiness of the market to sell off down to the Feb 5 Low *1044 initially and penetrating *1044 would signal continued bearish potential with lower Lows ahead

Long Term: THE BEAR

Kind Regards

[peat]

yeh its noticeable too that the 1095 area is the kijun sen (in pink) line of resistance using the ichi moku daily , kumo cloud above at 1110