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Strategies & Market Trends : STO AV/DB Workshop

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From: SGJ5/21/2012 4:11:22 PM
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SPX: Constructive day. The 60 min chart is at the do or die point on the RSI. More sustained up tomorrow morning would defeat the RSI Deathblow and be an early buy signal, which could be taken with some confidence before the Daily PPO goes positive. However, if we retreat tomorrow morning, and with the STO's being so overbought on the 60 min charts, they might, another Deathblow could be delivered and down it goes. So watching closely here. I will take any buy signal to get long .

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