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S&P 500
5,464.62
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-0.16%
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US TECH 100
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-0.20%
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Dow Jones
39,150.33
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Post# of 51335
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BigT65

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BigT65

Re: MikTrader post# 4374

Sunday, 05/04/2014 3:17:17 PM

Sunday, May 04, 2014 3:17:17 PM

Post# of 51335
MT my .02 is that the hammer is a pretty bullish one. As price tried to touch the 50ma the bulls took control back. It also closed within the channel. However, there is some neg divergence with RSI being flat while pps is rising. If the next candle is green it goes to upper channel .05+, if not 50ma is waiting. I favor the former.
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