The signal turned into Neutral mode from Bullish.............
VST Watcher Update
#1
Posted 25 May 2016 - 10:05 AM
#2
Posted 25 May 2016 - 10:16 AM
Any one seeing here a bull trap?
Edited by redfoliage2, 25 May 2016 - 10:26 AM.
#3
Posted 25 May 2016 - 11:38 AM
Yes, and informally looking at Yahoo comments the bulls are frothing at the mouth in droves. The STO on SP500 can in fact get to 90 resistance tomorrow without much more upside, in fact SP500 could even be down a bit and still hit the STO top number. Then it should start the move down in earnest shortly after this, assuming the pattern remains the same as last year, you would get what started in late December and went to January 20th.
#4
Posted 25 May 2016 - 12:06 PM
#5
Posted 25 May 2016 - 03:17 PM
Update:
The signal remains Neutral at the close.
#6
Posted 25 May 2016 - 05:47 PM
The signal started turning bearish in the last 30 min just before the close though it was still in the Neutral mode at the close. I see a pullback is in the cards for tomorrow..............
Edited by redfoliage2, 25 May 2016 - 05:52 PM.
#7
Posted 25 May 2016 - 07:42 PM
Today SPY Intra-day volumes were below average but in the last 30 min SPY volume doubled to nearly 12 millions with a solid red candle bar. So someone are getting out at high. Smart money or dumb money?
Edited by redfoliage2, 25 May 2016 - 07:52 PM.
#8
Posted 26 May 2016 - 06:41 AM
SPX trend generally follows BDI with the latter leading. From the current BDI performance it's hard to believe that the recent rally in SPX is to last:
http://stockcharts.c...id=p32188130512
Edited by redfoliage2, 26 May 2016 - 06:48 AM.
#9
Posted 26 May 2016 - 08:41 AM
It looks that the market will be closed on next Monday, May 30.
http://www.wallstree...sings-schedule/
#10
Posted 26 May 2016 - 09:55 AM
Morning Update:
The signal is turning toward bearish from Neutral.........
Edited by redfoliage2, 26 May 2016 - 09:55 AM.