Replies to post #87801 on SPDR S&P 500 (SPY)

[euterpe1]

Two,

Look at the divergence here.

http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=5&dy=0&id=p28039126103

weekly CCi is not encouraging either. Technical indicators aside, everything is not good, so we rally???

http://stockcharts.com/h-sc/ui?s=$NDX&p=W&yr=3&mn=0&dy=0&id=p74249661977

QID overbought in a downtrend. Rally into the close.

Check that. The 5 min on qid is oversold. Waffle into the close.