rich ruscio: Overbought is not worked off, yet...IMO. Given how quick price moves as of late, I am reluctant to venture a guess as to how long that will take. Could take a few days to a week or two or a day or three which has been normal as of late...gg
What I am really trying to determine is whether today's high was the high for this up move...or not!
My TradeStation SPY (S&P Deposit Reciepts) 120 Minute All Sessions Semi-log Chart
Let's see how this rising wedge plays out. Similar wedge on the ES 24 hour charts...
Regards,
LG
What I am really trying to determine is whether today's high was the high for this up move...or not!
My TradeStation SPY (S&P Deposit Reciepts) 120 Minute All Sessions Semi-log Chart
Let's see how this rising wedge plays out. Similar wedge on the ES 24 hour charts...
Regards,
LG
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