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ProShares UltraShort Dow30 Message Board

  • billb003 billb003 Mar 3, 2013 8:16 PM Flag

    ??? What should we

    be looking for tomorrow and the coming week? Thanks for your help...

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    • Spy looking topped here. Tight trading channel last half of the day friday. Do we break up or down. I think down..

      • 1 Reply to billb003
      • The recent volatility suggests a sizable downside move is coming but I do not know in what order things will play out, so I just watch for signs at previous highs and lows, as well as overnight extremes.

        I'll use this post for today's futures and SPX info:

        Fair value is -1.37 so add 1.37 to any futures number to get the approximate SPX equivalent.

        Overnight low = 1507.00, Previous low = 1499.50

        Overnight high = 1516.50, Previous high = 1519.00.

        --------------------------------------------

        The SPX failed to take out the 1524.84 high from which the recent slide began. It topped last Thursday at 1525.34.

        --------------------------------------------

        SPX (20,2) Bollinger Bands:

        upper = 1532.28.

        lower = 1492.93

        These will of course be changing as the day's trading proceeds. Stockcharts shows the updated values. Tags of the Bollinger Bands today would occur at the following SPX levels:

        upper = 1535.88

        lower = 1489.27

        --------------------------------------------

        Last week's SPX lows and highs

        High = 1524.84

        Low = 1485.01

        --------------------------------------------

        The SPX 50 DMA comes in today at 1483.80.

 
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