Wednesday, May 4, 2011

Market Bounce

 SPY 5 min

SPY 10 min

Since the divergence is to the 10 min chart and even showing up on a 15 min chart on the Q's, I think we'll see more then just an intraday bounce, I think it could very well carry into tomorrow, perhaps into the NFP release on Friday, so again, in trades you like, this is an opportunity to get a better tactical entry.

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