AI
Monday, April 23, 2012 10:34:42 AM
SPY SDS obv update
Holding multiple units SDS.
OBV systems remain bearish. Note that SPY price is challenging the low of April 11 at 135.76, but OBV is substantially below its low on April 11. Implies ongoing selling in recent days, and likelihood that the April 11 low will not hold.
Note also the OBV chart superimposed on SPY with the cma's. That is the definition of a trending chart, that turned at the highs and is trending down.
Holding multiple units SDS.
OBV systems remain bearish. Note that SPY price is challenging the low of April 11 at 135.76, but OBV is substantially below its low on April 11. Implies ongoing selling in recent days, and likelihood that the April 11 low will not hold.
Note also the OBV chart superimposed on SPY with the cma's. That is the definition of a trending chart, that turned at the highs and is trending down.
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