Friday, April 19, 2013

SPY Gaining Some Upside Momentum

I saw this a few minutes ago, but I'nm not convinced the pullback is done for today yet. As for the Leading Indicators I was capturing, they really are living up to their name, not just intraday, but very strong for a lot more upside on this move that hasn't even cleared the base yet.

I think a pullback here is great, it gives us a last chance opportunity to get ready.

?  
 The 1 min intraday is not quite there yet, but I saw it going positive just before price.

 SPY bouncing off the 5 min 50-bar

 Check intraday momentum, called the pullback perfectly and now is starting to build positive.

EUR/USD is also going more [positive which is good for the market when it turns up.

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