Thursday, April 26, 2012

Quick market update

There are some signs that the parabolic intraday move is running in to headwinds again, I'll need to look further to figure out what they are.

For the time being, a pullback/consolidation looks probable.
 1 min SPY

2 min SPY leading negative intraday. That is really a parabolic move, even though it is small/intraday.

No comments: