S&P 500, the SPX is in wave C
and pullbacks are shallow, this is no longer the wave B choppy mess
that we had a week ago, wave C tends to trend much more strongly
Resistance is 1320, which is the
50% Fib and there is a gap there.
The 15 min chart shows no negative
divergence via the regular MACD, however it is there on the
Histogram and RSI is now over 70% so take note
Intra Day SPX charts
Posted by matt on 11th of Aug 2008 at 12:38 pm
S&P 500, the SPX is in wave C and pullbacks are shallow, this is no longer the wave B choppy mess that we had a week ago, wave C tends to trend much more strongly
Resistance is 1320, which is the 50% Fib and there is a gap there.
The 15 min chart shows no negative divergence via the regular MACD, however it is there on the Histogram and RSI is now over 70% so take note
ty
Posted by robbie on 11th of Aug 2008 at 12:40 pm
ty