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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Perspective who wrote (10264)4/9/2009 9:21:33 PM
From: skinowski  Read Replies (1) of 41426
 
Interesting that on the SPY hourly the 12,26,9 MACD sports a long series of lower lows ever since mid-March.

On SPX, the area from the mid-850's to mid-870's seems to represent pretty massive resistance, accumulated since last October. Excessive bullishness while heading into heavy R is not a positive combination, of course.

(the corollary to this is that if the thing does break out - then the rally quite likely has legs).
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