$SPX - Chart Link - There's really not
much for me to post, the charts are blah after yesterday, on the 5
min chart SPX still holding the 50 SMA basically from June 4th,
pulled back today but still over that. MACD has recycled back
down, could it forming a bear flag of sorts, possibly but we'll
see
5 min charts, yawn
Posted by matt on 7th of Jun 2012 at 01:06 pm
$SPX - Chart Link - There's really not much for me to post, the charts are blah after yesterday, on the 5 min chart SPX still holding the 50 SMA basically from June 4th, pulled back today but still over that. MACD has recycled back down, could it forming a bear flag of sorts, possibly but we'll see
SPY - Chart Link - 5 min SPY
Possible bear flag
Posted by pwb8 on 7th of Jun 2012 at 01:14 pm
I too have been watching the S&P 1 minute charts.
Noticed lots of chopping around since 11 am. Wondering about a bear flag, but what would be a confirmation signal?
A move below 1321 or so and the 50 minute MA??
One more high would make
Posted by isplat on 7th of Jun 2012 at 01:23 pm
One more high would make for nice divergence on the 15 min SPX, fwiw.
you broke the 15 minute on the nasdaq and the /es futures
Posted by zach06 on 7th of Jun 2012 at 01:25 pm
needs to hold around 2556 abd 1323.5 all june expiration.