Yeah, unless tomorrow reverses quickly, there is no reason this
doesn't just creep right back up and start squeezing more shorts
(again). Pretty amazing that the DOW has really only had 2
days of real correction so far this year. Many sideways
deals, but nothing that retraces.
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SPY DAILY 9/20 EMA
Posted by roger on 16th of Apr 2013 at 04:09 pm
just keeps on rolling
https://stockcharts.com/h-sc/ui?s=SPY&p=D&b=5&g=5&id=t12772174142&r=1366142850710&cmd=print
good to see it close above both emas today as well...
Posted by morton13 on 16th of Apr 2013 at 04:18 pm
took back a little more
Posted by matt on 16th of Apr 2013 at 04:28 pm
took back a little more than 60% of yesterday's big down candle, which is something that Steve looks for
seeing that + divergence on the right shoulder ..
Posted by roger on 16th of Apr 2013 at 04:33 pm
made the shorts run for the hills.
https://stockcharts.com/h-sc/ui?s=SPY&p=10&b=9&g=5&id=t23108834863&r=1366144282882&cmd=print
Yeah, unless tomorrow reverses quickly,
Posted by kalinm on 16th of Apr 2013 at 04:12 pm
Yeah, unless tomorrow reverses quickly, there is no reason this doesn't just creep right back up and start squeezing more shorts (again). Pretty amazing that the DOW has really only had 2 days of real correction so far this year. Many sideways deals, but nothing that retraces.