| SPX: 5 min bearish, have a PPO sell signal hit right at the end of the day, the 9 and 13 day crossed under the 20. RSI and STO array are hitting bottom though and starting to turn up. ADX bearish. 10 and 15 mins very similar. 30 min slightly bearish with Sar hit, falling STO array and MACD cross. 60 min is neutral. PPO, RSI and STO array falling. MACD bearish cross, but the MA's are in line. For Tuesday, high probability market could move down 3-5 points at some point then start back up putting AV on the 30 and 60 min RSI and STO array for more up. The pattern should be similar action as the last 24 hours. A jump up, then a small pullback to take off the froth,then another step up. The Daily, Weekly and Monthly are still stoutly bullish. The RSI and STO array is levitating at the extreme tops on all of those charts. At some point, this market is going to correct, but until then, the trend is your friend... as the saying goes. <g> |
