frtaylor- yes
those indicators are turning up, not at the same time exactly i.e.
the 144 didn't however that said, the market
was extremely overbold and there was a wedge pattern
with positive divergence, so a bounce here makes sense. we'll
see how far it goes
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SPX 5 min
Posted by matt on 21st of May 2012 at 10:33 am
$SPX - Chart Link - Broke out of the channel, provided a trade. currently testing the R1 pivot
Matt the other channel on the 30 minute see's it up to
Posted by harveykoss on 21st of May 2012 at 10:40 am
1315-1320 if it can you post the retracements where it could turn down???
thank you
Matt, the 15-minute SPX chart
Posted by frtaylor on 21st of May 2012 at 10:36 am
Matt, the 15-minute SPX chart broke above 20 on the three stochastics - 60, 89, and 144. They had been below 20 for the last two sessions
frtaylor- yes those indicators are turning
Posted by matt on 21st of May 2012 at 10:42 am
frtaylor- yes those indicators are turning up, not at the same time exactly i.e. the 144 didn't however that said, the market was extremely overbold and there was a wedge pattern with positive divergence, so a bounce here makes sense. we'll see how far it goes