Tuesday, April 17, 2012

SPX/DOW Update

I don't like the looks of the Dow in this area as it rounds over...

 DIA 1 min negative and leading

 The 2 min is getting very negative here as the DIA rounds.

The DIA 5 min is leading negative

 SPY 2 min is leading negative

 SPY 5 min is still in line...

The 15 min is also still in line.

It looks like the short term is looking for a pullback move while the longer term still suggests some more upside, I need to look at AAPL and the risk assets, coming up next.

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