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Strategies & Market Trends : General market lab and commentary

SPY 670.97

+0.1%

Nov 7 4:00 PM EST

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From: Robohogs	5/28/2016 2:11:56 AM
	of 668

Action in the bios was decidedly better, again. But RSI on daily chart stubbornly stuck in 60s. That is bear mkt action. Bullish stocks hit 70 but stop at 40ish on way down and bearish stocks hit 60ish and 30. We are still doing latter. Despite being overbought on stochastics, there is room on MACD AND other oscillators for another 5-10 days of rally before more than a 1-2 day correction.

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