I wasn't happy with the opening, but openings aren't usually something I put much weight in. Here's some charts that are starting to make me a bit happier with the work I did last night.
Monday, August 22, 2011
Market Update-Only 3 Charts-I SWEAR!
If you made it through last night's The Week Ahead then this should be simple.
I wasn't happy with the opening, but openings aren't usually something I put much weight in. Here's some charts that are starting to make me a bit happier with the work I did last night.
DIA 1 min, Like the DI, all the majors opened on a negative divergence, suggesting downside, but now most have put in a positive divergence -except the SPY, but close enough.
QQQ 1
SPY 1
I wasn't happy with the opening, but openings aren't usually something I put much weight in. Here's some charts that are starting to make me a bit happier with the work I did last night.
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