SPDR S&P 500 (SPY)

[be]

MACD 15 min Qs refused to go under zero level meaning there will be more UP from here (44.50).

NAMO daily is at -60 showing an extreme OS . the Qs may stays OS for another day or two before a strong ride UP. A capitulation day (another day of violent sell off ) may push NAMO down to -70 , However , since NAMO -70 is a very rare occasion i don't think it will happen .






Thanks, be .

The ideal trade is when the short term trend is with the long term trend .
The more time frames that signal a "same direction trade" simultaneously, should lead one to expect a higher rate of success (bobjack) .