$SPX - for now SPX stopped at the 50% Fib
today, however so far the pullback has found support on the
previous resistance now support near 1208 -1210. Also
the Histogram setting of 25,175,25 has remained above zero for 2
weeks and on a buy signal.
SPY - so for volume has been lighter on
the pullback.
We have a holiday weekend coming up, historically the market
holds up into the Friday, we'll see
Seems using the 60 min equivalent, it finally has crossed below
zero for a sell signal.....while the 30 min chart is just
above...so give it til day's end maybe?
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SPX and SPY 30 min charts
Posted by matt on 31st of Aug 2011 at 03:04 pm
$SPX - for now SPX stopped at the 50% Fib today, however so far the pullback has found support on the previous resistance now support near 1208 -1210. Also the Histogram setting of 25,175,25 has remained above zero for 2 weeks and on a buy signal.
SPY - so for volume has been lighter on the pullback.
We have a holiday weekend coming up, historically the market holds up into the Friday, we'll see
New 30 min MACD histogram
Posted by perthx on 1st of Sep 2011 at 02:14 pm
Seems using the 60 min equivalent, it finally has crossed below zero for a sell signal.....while the 30 min chart is just above...so give it til day's end maybe?