SPDR S&P 500 (SPY): sideways...look at the hourly...the 13 a...

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Re: 2bit-nothing post# 107434

Thursday, 07/22/2010 1:25:38 PM

Thursday, July 22, 2010 1:25:38 PM

sideways...look at the hourly...the 13 and 89 are both pointing straight up so the bias is up...macd is well in pos territory...relative momentum index is above 70 and still climbing. so the trend right now is up...either look for pullback set up to the 13sma or sideways and reversal down.

the 5min says up..it's not even close to looking bearish yet...
i am talking about the oex here and above.

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