The MACD was almost through the zero line and RSI almost through
50 on the recent 2-3 points down, 144 stochastics still
needs to get through 20 and hold, has been underneath for over 4,
most of the last 5 days.
On the SPX 60 min. chart though on my platform, it seems to
still be in wave 3, no divergence on the MACD, this
consolidation and any minor pullback may be wave 4, could be a push
up with the futures Tue. AM to the 61.8% retracement a few points
higher for wave 5 and finally that MACD div., imo.
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VIX 15 minute
VIX 30 min
Posted by beth on 12th of Jul 2010 at 03:23 pm
http://stockcharts.com/c-sc/sc?s=$VIX&p=15&yr=0&mn=0&dy=14&i=p24091931059&a=150915408&r=2538
The MACD was almost through the zero line and RSI almost through 50 on the recent 2-3 points down, 144 stochastics still needs to get through 20 and hold, has been underneath for over 4, most of the last 5 days.
On the SPX 60 min. chart though on my platform, it seems to still be in wave 3, no divergence on the MACD, this consolidation and any minor pullback may be wave 4, could be a push up with the futures Tue. AM to the 61.8% retracement a few points higher for wave 5 and finally that MACD div., imo.