Thursday, May 24, 2012

Quick Update

I've been looking at some charts for members and in general and noticed they look very choppy on the short term timeframes, so here's a quick look at the SPY this am

 Note the very small divergences this a.m., looks a lot like a consolidation, the question is whether the current area in yellow is going to lead?
 There's no damage on the 2 min just confirmation of the consolidation.

The 3 min is leading positive.

Since capturing these I see there's a break out, I'm going to recheck.

No comments: