I think we may get more then 1 head fake on the bear flag. I need to look at a few other charts, but it's starting to look like a tradable long here, but not the big one we were expecting yet.
Thursday, September 22, 2011
Market Update
So far this morning, this is exactly what I wanted to see.
DIA 1 min positive
DIA 5 min positive and holding in range bound trade
Signs of pos. div.s on the 15 min chart
QQQ 1 min, positive-leading
5 min positive leading in a rangebound market
QQQ 10 min leading positive.
The SPY 1 min looks GREAT, look at the leading positive continue to build.
SPY 5 min leading positive
SPY 10 min holding it's ground.
I think we may get more then 1 head fake on the bear flag. I need to look at a few other charts, but it's starting to look like a tradable long here, but not the big one we were expecting yet.
I think we may get more then 1 head fake on the bear flag. I need to look at a few other charts, but it's starting to look like a tradable long here, but not the big one we were expecting yet.
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