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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 652.53-1.5%Nov 20 4:00 PM EST

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To: GROUND ZERO™ who wrote (50938)5/30/2013 9:30:42 AM
From: Chip McVickar  Read Replies (1) of 219114
 
Time Window opened and market responded by breaking momentum... bearish

Looks like the 5th day ended below its 50% line.. so it was a weak close... bearish

Do not believe pattern has been clearly broken... still bearish

May take a 7 day pattern and the weekend to resolve...?

SPX stayed above 1648... bullish

RSI-14 on the 120 min chart peaked and is now neutral
RSI-14 daily peaked and is headed towards neutral
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