Thursday, August 2, 2012

Just Stay Patient

We are just waiting for the market to tell us when this move will be done, here's the SPY...
 This 1 min above and 2 min below are still in positive position so I'd expect more upside from here, we are waiting for these to turn negative, when these turn negative, that will probably be while the market is still moving up, that's when we want to look at entering short positions as the most important chart in this post is the last one, that shows what the real underlying action is.


The 15 min leading negative... This is the trend we want to play, we just need the short term charts to turn as a timing indicator.

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