Support and Resistance Trading Forum

Re: July Copper -> S&P 500 *PIC*
By:Alan C.
Date: 6/16/2009, 12:57 am
In Response To: Re: July Copper (Deadlydoggy)

I do see the progressive drops in peak RSI points (down RSI trendline of Sep S&P 500), and today (Monday) RSI bounced all the way from the downtrend line to completely through the uptrend line. The price is now looking to drop to, perhaps, 874, the low of 5/26 (although, note possible support of Monday's close from the next lower down RSI trendline). 874 would represent a drop of about 5% from Monday's close ($11,500 per contract)!

Responses To This Message

Re: July Copper -> S&P 500 *PIC*
Alan C. -- 7/15/2009, 12:37 am
Re: July Copper -> S&P 500
Deadlydoggy -- 6/16/2009, 1:55 am
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