As I mentioned last night, the Greek situation has come around almost exactly to my description. I'll follow up on this in a bit. I need to check the timestamps on some of the releases.
Friday, June 3, 2011
Market Update
As suspected, the S&P took out support, this is where we want to see positive divergences, we want to see those stops accumulated and a fairly quick rebound before market close. If that fails to materialize, I wouldn't feel very comfortable holding leverged ETFs over the weekend.
As I mentioned last night, the Greek situation has come around almost exactly to my description. I'll follow up on this in a bit. I need to check the timestamps on some of the releases.
DIA 1 min
IWM 1 min still looks the best
SPY 1 min, there was no pos. divergence before the break of intraday support.
As I mentioned last night, the Greek situation has come around almost exactly to my description. I'll follow up on this in a bit. I need to check the timestamps on some of the releases.
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