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Thursday, May 26, 2016 10:57:08 AM
SPX 60, daily and 2 hr: The blue up fork has us just above the ML and could hold support although I haven't really felt absolute on the upper anchor point for this crazy pattern and it could be off. We're up against the upper BB on the daily although today it's turning upward shown on the zoom thumbnail. The 14,3,3 and 5,1 stochastics on the daily are OB as well as the boss 13,8,3 on the two hr and a 30 point correction is always possible. Tomorrow is the day before the 3 day holiday weekend and is typically bullish although the market lately has been to trash any kind of historic logic.
if it looks right it is right
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