AI
Monday, November 28, 2011 4:40:22 PM
SPY: Said the other day/ yesterday, if it closes green, there's a high chance it will have a reversal week and many days with white candles.
This gap below now could be left behind for a week or two maybe (or who knows, maybe even longer) as we see another pump/ rally into December/ End of year. We'll see, nothing is ever for sure with this schizophrenic market, could also gap down again tomorrow... but for now it looks rather bullish again after so many red candle-stick days.
RSI/ MACD pointing north again. We'll probably see a rally to at least 126 (200ma) before a possible new dip again.
This gap below now could be left behind for a week or two maybe (or who knows, maybe even longer) as we see another pump/ rally into December/ End of year. We'll see, nothing is ever for sure with this schizophrenic market, could also gap down again tomorrow... but for now it looks rather bullish again after so many red candle-stick days.
RSI/ MACD pointing north again. We'll probably see a rally to at least 126 (200ma) before a possible new dip again.
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