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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Wednesday, September 7, 2011

pre-market update - potential bullish island reversal

currently $spx future is about 16 points above fair value.
SPY is trading at 118.6 at 9:00 am ET pre-market, potentially to have an open with:
"strong short term bullish signal" with island reversal.
SPY open above the red line will be a bullish island reversal.