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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.72-0.1%Jan 16 4:00 PM EST
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To: Return to Sender who wrote (33726)8/22/2001 2:11:51 PM
From: Johnny Canuck  Read Replies (2) of 69827
 
rts,

I would wait for both to clear resistance at 10 and 8 before taking positions. The MACD is not indicating an oversold condition despite what the stochastics and RSI say. Unless there is some fundamental event coming up I am not sure today is the entry point.
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