No replies to this topic

[dTraderB]

The 5-day intra chart is in an uptrend (MACD, RSI, MOMENTUM) but the daily is ready to kiss and resume

uptrend or head down. It is just above the 50-MA and MACD is ready to cross or kiss and move up.

And, RSI has turned down, near to zero line

The 240-minute is still in an uptrend but can cross down with a SPX 20-plus point decline.

For the bulls, good news that financials have resumed the uptrend, but barely so. Tech is lagging.

Critical day ahead.

SPX DAILY

Edited by dTraderB, 11 July 2012 - 03:43 PM.