Wednesday, November 28, 2012

Could this be?

Just looking over some leading indicators and seeing the TICK fall out with the market trend as the day wears on it gets worse, Yields are way out and now even the Euro is disconnected, so I'm looking at this really ugly chart of the SPY and wondering, are they going for this? Even if they were it doesn't change any positioning, just timing.

That's a 10 min leading negative divergence, that gets answered, but that zone of clear resistance, is that where they're heading first?

As I write this I'm watching a more parabolic move in the SPY and that's exactly where they are going. Lets see what happens when they get there, that 10 min chart is fixing itself.

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