Thursday, February 9, 2012

Opening Market Indications

I have an 11:00 a.m. appointment with my back doctor, it should take about 30 mins., but I wanted to update the opening trade for you first.

 SPY opening negative divergence on the 2 min

 The longer term 2 min chart and why I am very skeptical of this rally...

 The longer term 5 min chart

And the 5 min opening negative divergence.

I'll be checking my email from my phone as well as the market, I just won't have 3C until I return around 11:45.

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