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 683.31

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Nov 12 4:00 PM EST

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To: GROUND ZERO™ who wrote (43740)	1/13/2013 7:22:57 PM
From: Vendit™	1 Recommendation Read Replies (3) of 218713

Looking at the $SPX chart below this is what I see. The daily candles disengaged the upper band or normal high range 4 trading sessions ago but the trend line on daily movement is still up but looks neutral when you look at microscopic indicators. All 3 lower indicators are well with their “*sell* or go higher” zones. Keep in mind that I normally post daily charts so I am only looking for the swing point (Buy Sell) over a several day period. IMO we are in for a choppy week. News will move this market big time and the direction technically has to be down, which is a longer term outlook. V

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