Monday, July 26, 2010 7:00:05 AM
Re: FAS - Looking at SPX through the FAS lens ...
Analysis from chart:
"26 JUL 2010 - TECH-NOTE: Recent BULLS pushed SPX higher, but (in this narrower view of the index), RSI remains in BEARISH range and price action confined to lower BEARISH channel."
I believe that the market remains predominantly BEARISH and the recent HIGH is reactionary in nature, rather than transitional.
- Dalcindo
- Dalcindo: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2140281
Analysis from chart:
"26 JUL 2010 - TECH-NOTE: Recent BULLS pushed SPX higher, but (in this narrower view of the index), RSI remains in BEARISH range and price action confined to lower BEARISH channel."
I believe that the market remains predominantly BEARISH and the recent HIGH is reactionary in nature, rather than transitional.
- Dalcindo
- Dalcindo: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2140281
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