Monday, April 2, 2012

Quick Update

 SPY intraday , check RSI's divergence. SPY also broke first intraday support.

 As usual, the 50 bar 5 min is where the stops are piled as volume surges as it breaks.

 The TICK is starting to see the negative downside readings, it's down to about -850

 The SPY 1 min chart is worse, it is below Friday's close, leading negative

 The two min chart is the same

Earlier the 5 min was stronger, it's now leading and close to Friday's close.

AAPL is still up and I'm still itching to take at least a partial Put position there, haven't pulled the trigger yet though.

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