intra day on the 5 min SPX, looks like a 4th wave consolidation
of some sort, therefore I wouldn't doubt if we get another push up
in the afternoon once this consolidation is over. Then it
should setup some negative divergence and then maybe we get a
pullback tomorrow
Matt, you were saying about a further move up after the
consolidation? I think someone mentioned here before that it would
seem that GS has a BPT subscription
This is a superb site!
intra day comments
Posted by matt on 17th of Aug 2010 at 01:09 pm
intra day on the 5 min SPX, looks like a 4th wave consolidation of some sort, therefore I wouldn't doubt if we get another push up in the afternoon once this consolidation is over. Then it should setup some negative divergence and then maybe we get a pullback tomorrow
and of course, watch the 60 period stochastics
Matt, you were saying about
Posted by isplat on 17th of Aug 2010 at 01:26 pm
Matt, you were saying about a further move up after the consolidation? I think someone mentioned here before that it would seem that GS has a BPT subscription
This is a superb site!
ha ha yep well maybe,
Posted by matt on 17th of Aug 2010 at 01:28 pm
ha ha yep well maybe, I just wish we could charge them a professional rate lol
anyway the SPX rallied higher as I suggested earlier as you can see from the chart, it played out
however now we have some nice negative divergence forming as the MACD is not keeping up
SPX hit 1100, which was
Posted by matt on 17th of Aug 2010 at 01:31 pm
SPX hit 1100, which was my 3rd price target at the 50% Fib