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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (43740)1/13/2013 6:54:20 PM
From: penthouse mike1 Recommendation  Read Replies (2) | Respond to of 218713
 
I like your plan now that we are half way between the VP and a sell signal. The bonds make me think that we will get the sell signal.



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