Technical rebound?

S&P rebound +1.6% last night.
Take partial profit along the way as market is oversold but oversold can remain oversold. Best is to have the money in the pocket.
Remember to exit your trade when the trendline is broken.
I will be looking to short in the next 2-4 weeks.
Disclaimer applied.

Market Overview - 21/05/12

Bingo!! Have you shorted last week? Any rebound will be shorting opportunity.
Refer to my previous post. market overview 140512
Disclaimer applied.

Market Overview - 14/05/12

Sell in May and Go Away. Im looking to short once it break its support.
Disclaimer applied.

What does last 2 candlesticks tell you?

What does the last 2 candlesticks tell you?

Lower tail seen

Long lower tail seen. There is buying pressure last night. Still waiting patiently.

Waiting Patiently

Waiting patiently for signal to Long. Waiting patiently.

S&P down -2.4% for last week.
Sell in May and Go Away? Let see what happen this week. Is good for a correction then I will have more "meat" to Long if correction comes.