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 681.92

-0.7%

Dec 31 4:00 PM EST

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To: Fintas who wrote (44553)	1/24/2013 7:26:50 PM
From: Vendit™	Read Replies (1) of 221038

This $SPX chart is now showing weakness with some beginning sell signals but not truly confirmed. The daily candle formed a spinning top which means that buyers and sellers are undecided on the market direction moving forward. This is a neutral indication. The daily trading range is still pushing the upper Bollinger Band which shows as of today the trend has not reversed. Lower indicator 3 shows a confirmed sell signal but needs to be confirmed by lower indicator 1 which also shows a sell signal in the making. Lower indicator 2 shows a deflating momentum so surely we are about to see some sort of correction in the $SPX. IMHO V

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