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SPY - bounced near the 61.8% Fib, but still looks bear flagish though
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 SPX chart with positive divergence, otherwise SPY bounced right off that gap that Steve pointed out
no pos divergence on the MACD either. waiting....
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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....