SPDR S&P 500 (SPY): Hey i took a look at the oex chart on di...

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Re: 2bit-nothing post# 83792

Saturday, 06/27/2009 7:59:42 PM

Saturday, June 27, 2009 7:59:42 PM

Hey i took a look at the oex chart on different time frames...just nothing screaming break out here...

daily closed just below the 18sma...weekly getting a cock block from the 45sma...macd starting to turn sideways right at the 0 line on same time frame. And stochastics had a bearish cross, but still above 80, so we'll see...

All in all that doji candle really does not look that convincing either, and did we mention volume at all...2nd lightest trading day of the year so far...common!

2-bit...let's not be overly bullish right hear right now...until some of the real evidence points to it...not your imaginary line you have created on your charts...just kiddin :)

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