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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 685.40+1.2%Jan 21 4:00 PM EST

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To: penthouse mike who wrote (47919)3/27/2013 6:48:45 AM
From: GROUND ZERO™  Read Replies (1) of 222196
 
Also, if the markets open lower as they appear they will right now, then we'll also have negative divergence between the SP cash and futures since the futures did make a new high overnight... crunching my model's numbers around, if we really did get a sell confirmation yesterday, then this failed overnight rally would have been a rejected buy signal... this is also bearish for the day...

Of course, it's still very early in the morning, but this market is now setting up for a down day today, and maybe for more than just one day... but then again, bernanke could hiccup and then these markets could turn higher again...

GZ
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