24 of last 36 NFP days have been reversal days. 8 of last
9 have been down days. the last two NFP did not make trend
reversals. Usually gap up days are reversed by the close.
Can't verify all these facts, but he is looking for a daily
reversal here. See how it plays out.
5 min SPX, SPY comments
Posted by matt on 9th of Mar 2012 at 01:41 pm
$SPX - more of the same action, price has recycled back to the 50 SMA, MACD back to zero, 60 Stochastic back to 80%.
SPY - same view on the ETF, also bollinger bands are tight.
another bull flag perhaps? Maybe, but of course it's Friday afternoon
from Cobra on a potential reversal here...
Posted by kalinm on 9th of Mar 2012 at 01:44 pm
24 of last 36 NFP days have been reversal days. 8 of last 9 have been down days. the last two NFP did not make trend reversals. Usually gap up days are reversed by the close. Can't verify all these facts, but he is looking for a daily reversal here. See how it plays out.
How often do you see
Posted by harshblue on 9th of Mar 2012 at 01:43 pm
How often do you see 60 stochastics on 5min chart above 80% for 3 days?