Saturday, April 7, 2012

Nemo's Findings week of 4/8

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html

 Here are the levels for next week:





 Here is a look at the daily on SPY.  Notice how the Yearly R1 was acting as support, well until the jobs report came out on Friday



 Here are the gap areas I've identified on the daily:



 Here's the daily on the IWM:



Here are the gap areas on IWM I see:


 

Here's the original explanation: