S&P 500 hesitates

By Colin Twiggs
September 18th, 2012 2:30 a.m. ET (4:30 p.m. AET)

These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice. Full terms and conditions can be found at Terms of Use.

The S&P 500 hesitated at its upper trend channel. Follow-through below 1460 would indicate a test of the lower channel and support at 1400. Bearish divergence on 21-day Twiggs Money Flow continues to warn of a correction.

* Target calculation: 1420 + ( 1420 - 1280 ) = 1560

Nobody goes there anymore. It's too crowded.

~ Yogi Berra

	S&P 500 hesitates By Colin Twiggs September 18th, 2012 2:30 a.m. ET (4:30 p.m. AET) These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice. Full terms and conditions can be found at Terms of Use. The S&P 500 hesitated at its upper trend channel. Follow-through below 1460 would indicate a test of the lower channel and support at 1400. Bearish divergence on 21-day Twiggs Money Flow continues to warn of a correction. * Target calculation: 1420 + ( 1420 - 1280 ) = 1560 Nobody goes there anymore. It's too crowded. ~ Yogi Berra	Share: A+ A− Incredible Charts 10.1 Windows software with proprietary trading tools and stock screens. Download 5-Day Free Trial Try it Now! Incredible Charts 11.0 Proprietary trading tools and stock screens now in your browser. Free Trial 30-Day Free Trial Try it Now! Trading Diary Free education, macro outlook and technical updates: Join Now
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