SPX approached the upper BB on the weekly chart as I discussed
this week and also the 1869 pivot. Some hesitation here is to
be expected around these levels. We still can probe higher
(perhaps after some pullback and/or consolidation) next week but
the risk reward up here is not as attractive until we see some
unwinding of the oscillators. The SPX RSI 5 reached 90 today at
it's peak.
SPX Weekly and Daily Views
Posted by steve on 28th of Feb 2014 at 01:53 pm
$SPX - Chart Link
$SPX - Chart Link
$SPX - Chart Link
SPX approached the upper BB on the weekly chart as I discussed this week and also the 1869 pivot. Some hesitation here is to be expected around these levels. We still can probe higher (perhaps after some pullback and/or consolidation) next week but the risk reward up here is not as attractive until we see some unwinding of the oscillators. The SPX RSI 5 reached 90 today at it's peak.
Divergences on weekly
Posted by lmvine on 28th of Feb 2014 at 02:48 pm
Divergences on weekly