SPDR S&P 500 (SPY): "strong sell signal on 60m chart this mo...

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Re: Scripo post# 194558

Wednesday, 04/13/2016 8:34:16 AM

Wednesday, April 13, 2016 8:34:16 AM

"strong sell signal on 60m chart this morning reversed without blinking"

Well, if you analyze only 60m that's what you get.
But if you look at it from daily and weekly perspective then it all starts to make more sense.

Daily did not make a sell signal let alone breaking down. This in turn did and potentially will override any and all 60m sell signals literally overnight with a gap or during the day like on Tue.

Now I know very well I did make a post on this and quite colorful and descriptive

"with all whipsaw action not sure what to trust."

(additionally, fwiw I didn't see a sell signal that was generated yesterday on the 60m)

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