Wednesday, September 28, 2011

09-29-2011 outlook

Today was red as expected.    Thought we would see the low earlier than the close with some bounce by the close.  Still we got the general direction right if not the exact course for the day.   What about tomorrow?

Tomorrow should be an up day.  The 5.6TD and 2.8TD cycles should have bottomed at the close (or will early in the morning).  So it appears "all" the cycles we follow for swing trades are up.  So - tomorrow could see a strong up day. 

Here is the SPX swing cycles:

GL traders. 
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1 comment:

  1. DoctraderSeptember 29, 2011 at 6:03 AM

    Despite the selloff yesterday, the retail sector (RTH) and the utilities (^DJU) held their ground.
    With all the "good news" so far this morning, perhaps we will have a nice bullish run today.

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