Posted by dodgerdog on 2nd of Apr 2009 at 05:23 pm
I'm looking for another push up tomorrow early with the SPX
targeting coverging trendlines near 850 - the jobs numbers are
factored in well IMO because of the ADP data on Weds. The late
pullback today looks like a two step a-b-c which held (so far) and
rallied strongly of near the close and after hours. The 15
minute charts DO NOT have negative divergence in place and have
recycled down. News can trump the charts but that's how it
looks to me.
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I'm looking for another push
Market
Posted by dodgerdog on 2nd of Apr 2009 at 05:23 pm
I'm looking for another push up tomorrow early with the SPX targeting coverging trendlines near 850 - the jobs numbers are factored in well IMO because of the ADP data on Weds. The late pullback today looks like a two step a-b-c which held (so far) and rallied strongly of near the close and after hours. The 15 minute charts DO NOT have negative divergence in place and have recycled down. News can trump the charts but that's how it looks to me.