Tuesday, July 3, 2012

SPY Migration of the negative divergence

 SPY 1 min deeply leading negative to new lows on the day

 2 min is now leading neg.

3 min as well.

I would not personally short the market as a short squeeze move to even higher highs is what we expect, I'd be looking for a pullback to buy in to weakness for the short squeeze to continue and move to higher highs.

No comments: