AI
Wednesday, July 13, 2011 4:09:50 PM
Not impressed here eod, I would not want to be long headed into tomorrow.
The eod action has moved me back to bear mode for tomorrow, I've been fairly accurate lol
SPY on 50 ma not 200
I would watch $SPX for brech of 1313 level as that is support, MA's converging and 100 ma now flattening.
No fundamental reason for market to continue up imo, but the market is irrational.
I expect pain to resume to the downside tomorrow, these small "pump" rallies are not following through.
$SPX - Daily Candlesticks
The eod action has moved me back to bear mode for tomorrow, I've been fairly accurate lol
SPY on 50 ma not 200
I would watch $SPX for brech of 1313 level as that is support, MA's converging and 100 ma now flattening.
No fundamental reason for market to continue up imo, but the market is irrational.
I expect pain to resume to the downside tomorrow, these small "pump" rallies are not following through.
$SPX - Daily Candlesticks
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