Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.40

-0.5%

4:00 PM EST

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To: penthouse mike who wrote (33948)	6/21/2012 8:41:49 AM
From: GROUND ZERO™	1 Recommendation Read Replies (2) of 221780

Good Morning Mike, a VP is not a sell signal... but, there are no sell signals anywhere nearby... for today, we would need a close below 1297ish to confirm a sell signal, but I don't know how likely that is, it's just too early in the cycle right now to get a sell signal... at this point, we're still trending higher but we ran into a minor VP, this is causing some trouble... we'll see soon enough which way this struggle will resolve itself... GZ

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