Thursday, March 10, 2011

SPY Update

Not a lot has changed here.

The 1 min divergence ran its course and is now in confirmation with price..

The 5 min is showing some positive action.

The 10 min looks exactly the same as the last update, it has not confirmed the downside move today which it should have by now.

The 5 min chart is making me feel like my earlier theory may be coming into play, although price is always the final judge in these matters.

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