the longer the divergence goes on and the longer timeframes it hits, the bigger the eventual move will be. Right now it's looking like it's setting up for an intraday bounce.
Wednesday, July 27, 2011
SPY pullback
I'd keep an eye on this... remember accumulation is generally in flat zones.
Support area, although it could certainly break that to surge volume on a head fake.
5 mn 3C
10 min 3C-
the longer the divergence goes on and the longer timeframes it hits, the bigger the eventual move will be. Right now it's looking like it's setting up for an intraday bounce.
the longer the divergence goes on and the longer timeframes it hits, the bigger the eventual move will be. Right now it's looking like it's setting up for an intraday bounce.
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