Thursday, August 20, 2015 11:27:48 AM
RSP and SPY - pullbacks the rest of today are simply noise unless RSP $79.20 fails to hold
100% confident in this evaluation of the RSP and SPY price action
time will tell whether $79.20 holds into the close
I give 45% to 80% odds we close today back above the SPY 200dsma
35% to 70% odds we close today back above the SPY 133dema
70% to 95% odds that XLE closes green today, which is any price above $67.32
* simple RSP daily chart with $79.20 shown as dashed green horizontal line:
100% confident in this evaluation of the RSP and SPY price action
time will tell whether $79.20 holds into the close
I give 45% to 80% odds we close today back above the SPY 200dsma
35% to 70% odds we close today back above the SPY 133dema
70% to 95% odds that XLE closes green today, which is any price above $67.32
* simple RSP daily chart with $79.20 shown as dashed green horizontal line:
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