5 min SPY

    Posted by matt on 28th of Mar 2012 at 12:56 pm

    SPY - bounced near the 61.8% Fib, but still looks bear flagish though

    bear flag playing on the

    Posted by matt on 28th of Mar 2012 at 02:14 pm

    bear flag playing on the 5 min charts per my comment earlier.  

    Now watch MACD, some divergence may set up late in the day

    small bounce on 5 min

    Posted by matt on 28th of Mar 2012 at 02:50 pm

    small bounce on 5 min SPX chart with positive divergence, otherwise SPY bounced right off that gap that Steve pointed out

    no pos divergence on the

    Posted by frtaylor on 28th of Mar 2012 at 01:20 pm

    no pos divergence on the MACD either.  waiting....

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