SPX- QQQ - Dow

[GLENO34]

The last ramp we had from 1267 to 1356 took 8 trading session to do that and we got OB on the 60 min chart about the second day..so we can stay OB for a long time...Then it took 7 days to go from 1356 down to 1296...We are now in the 4th day of this up rampo and we are OB again on the 60 min chart...On the first rampo, the daily went from OS to OB...but on the second down move the daily did not get to OS...so even tho the 60 min is now OB we may not get much of a pullback until the daily gets OB again...We are gaining ground on that but it may take a move to 1370 to get the job done...And if they settle the debt who knows how high the uninformed will run it..As for me personally I'm staying out for now...


http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=0&dy=20&id=p62667660860&a=121806161