$SPX - Chart Link - 60 min SPX chart that
I've been discussing, clearly the bearish divergence and bear wedge
playing out. Next support is 1674. Also notice that the
60 Stochastics which I mentioned yesterday has lost the 50% level -
that opens the door for Stochastics to work lower to 20% as well as
prices
$SPX - Chart Link - 15 min SPX view, watch
for some positive divergence to set up on the MACD during this
pullback - at the moment I show it in a tight downtrend channel
$SPX - Chart Link - the first chart shows
the 15 min wave count chart, could the low today have marked the C
or the end of wave 4? Yes it could, the last wave 2 only
lasted about 2 days or so, and this move was 2 1/2 days, but again
we'll see how it develops. Overlap is at 1691 and the primary
pivot is at 1695
$SPX - Chart Link the second chart shows a
5 min view of SPX - for now it has a bull flag appearance
Intra day market observations
Posted by matt on 25th of Jul 2013 at 11:27 am
$SPX - Chart Link - 60 min SPX chart that I've been discussing, clearly the bearish divergence and bear wedge playing out. Next support is 1674. Also notice that the 60 Stochastics which I mentioned yesterday has lost the 50% level - that opens the door for Stochastics to work lower to 20% as well as prices
$SPX - Chart Link - 15 min SPX view, watch for some positive divergence to set up on the MACD during this pullback - at the moment I show it in a tight downtrend channel
lets hope it actually goes
Posted by himsa on 25th of Jul 2013 at 03:05 pm
lets hope it actually goes down, this thing is a monster machine...lol...even when its suppose to go down, it will go sideways
SPY - Chart Link $SPX -
Posted by matt on 25th of Jul 2013 at 02:11 pm
SPY - Chart Link
$SPX - Chart Link
$SPX - Chart Link - the
Posted by matt on 25th of Jul 2013 at 01:22 pm
$SPX - Chart Link - the first chart shows the 15 min wave count chart, could the low today have marked the C or the end of wave 4? Yes it could, the last wave 2 only lasted about 2 days or so, and this move was 2 1/2 days, but again we'll see how it develops. Overlap is at 1691 and the primary pivot is at 1695
$SPX - Chart Link the second chart shows a 5 min view of SPX - for now it has a bull flag appearance
$SPX - Chart Link - as
Posted by matt on 25th of Jul 2013 at 01:14 pm
$SPX - Chart Link - as I stated earlier positive divergence was building on the 15 min SPX, The primary pivot is at just above.