well, the bottom of Oct 26 has held on the SPX so far.
Reversal day? Anyone seeing it this way, or am I just
whistling past the graveyard? I can always wait for the
newsletter.
Volume was much higher on Friday's selloff compared to today's
relative inactivity. Probably the election - traders don't
want to be positioned too heavily in either direction I
suppose.
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reversal day?
Posted by frtaylor on 5th of Nov 2012 at 03:10 pm
well, the bottom of Oct 26 has held on the SPX so far. Reversal day? Anyone seeing it this way, or am I just whistling past the graveyard? I can always wait for the newsletter.
Or maybe we are seeing
Posted by frtaylor on 5th of Nov 2012 at 03:42 pm
Or maybe we are seeing a head and shoulders develop on the intraday time frame (see 30 min chart)?
nearly tagged the 9ema on
Posted by frtaylor on 5th of Nov 2012 at 03:52 pm
nearly tagged the 9ema on this last push.
Volume was much higher on
Posted by frtaylor on 5th of Nov 2012 at 03:13 pm
Volume was much higher on Friday's selloff compared to today's relative inactivity. Probably the election - traders don't want to be positioned too heavily in either direction I suppose.