Last night, I discussed two possible areas to watch for highs.
We may have seen the high today unless we are forming an
ending diagonal as shown. As Matt stated below, a break below
the 13 day EMA (close) would also support a top. At this moment, I
have no buy signals.
SPX 30
Posted by steve on 28th of Jan 2011 at 10:58 am
$SPX
Last night, I discussed two possible areas to watch for highs. We may have seen the high today unless we are forming an ending diagonal as shown. As Matt stated below, a break below the 13 day EMA (close) would also support a top. At this moment, I have no buy signals.
spx 5
Posted by hazbin1 on 28th of Jan 2011 at 11:05 am
fwiw: watching trend down day off the 8ema, each bounce is sold, looks same on RUT, for now anyway