$SPX - the MACD has recycled back to
zero as I discussed this morning.
how watch the fast 14/3 stochastcs, would like to see that get
overbought, and then watch 60 length stochastics. many times
you get one more move up to set up some divergence, before a
pullback later in the day
The 60 stochastics already got oversold without much down
movement in price, which means another move up is possible, the 15
min charts have a bull flag appearance to them
SPX 5 min comments
Posted by matt on 30th of Nov 2011 at 02:27 pm
$SPX - the MACD has recycled back to zero as I discussed this morning.
how watch the fast 14/3 stochastcs, would like to see that get overbought, and then watch 60 length stochastics. many times you get one more move up to set up some divergence, before a pullback later in the day
Matt, do you think it's another bull flag type pattern here?
Posted by chas on 30th of Nov 2011 at 03:15 pm
in case you noticed, the
Posted by matt on 30th of Nov 2011 at 02:49 pm
in case you noticed, the 14/3 stochastics got overbought, then 60 stochastics fell below 80%. Now we'll see if we get some kind of pullback
The 60 stochastics already got
Posted by matt on 30th of Nov 2011 at 03:09 pm
The 60 stochastics already got oversold without much down movement in price, which means another move up is possible, the 15 min charts have a bull flag appearance to them
otherwise crazy market....
Yes, the 15 minute charts
Posted by cw12 on 30th of Nov 2011 at 03:13 pm
Yes, the 15 minute charts are likely flagging for another move higher, and a possible divergent high.