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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Matt, the 15-minute SPX chart
SPX 5 min
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